Artemis

Launched in 1999, Artemis is the longest running media source providing news, analysis & data on the catastrophe bond, insurance linked security, non-traditional reinsurance capital and associated risk transfer markets.

Gator Re cat bond secondary price rises despite rising loss estimate

Despite the fact that qualifying losses have further eroded the aggregate retention layer beneath the trigger point of the Gator Re Ltd. catastrophe bond transaction, the latest secondary market trading price has risen this week. Artemis reported on Monday 5th September that estimated losses have now reached almost 85% of the way to the attachment point for the Gator Re cat bond's aggregate reinsurance protection ‘section b’ layer, as severe...