Solidum private cat bond notes trade

Tuesday, 14. December 2010

A large portion of cat fund Solidum's $4.25mn private cat bond notes traded in the secondary market earlier this month, Trading Risk can reveal.

Most of the senior Class B notes changed hands in December, in a trade brokered by Towers Watson Capital Markets (TWCM), according to sources. The buyer has not been named.

The trade is a significant step for the collateralised reinsurance market, as it demonstrates trading liquidity for an instrument which previously was bought by investors to...

Trading Risk Article