Solidum Re Eiger is first private catastrophe bond to list on an exchange

Tuesday, 9. October 2012

At the end of 2011 we wrote about the private catastrophe bond transaction which saw Swiss based ILS investment firm Solidum Partners AG underwrite $52.5m of the California Earthquake Authority’s reinsurance programme for 2012 on a fully collateralized basis. They then transformed this through a special purpose vehicle called Solidum Re Eiger IC Limited, fronting for their ILS investment funds and a partnering co-investor, into a private cat bond with transferable features....