Current Table

Top 10 Catastrophe Bond Transactions, 2016 (1)

(US$ millions)

Rank Special purpose vehicle Sponsor name Risk amount Peril Risk location
1 Galilei Re Ltd. 2016-1 XL Insurance (Bermuda) Ltd. $750.0 U.S. named storm, North America earthquake, Europe windstorm, Australia tropical cyclone, Australia earthquake U.S., North America, Europe, Australia
2 Nakama Re Ltd. 2016-1 Zenkyoren 700.0 Earthquake Japan
3 Ursa Re Ltd California Earthquake Authority 500.0 Earthquake California
4 Residential Reinsurance Limited 2016-2 USAA 400.0 Tropical cyclone, earthquake, severe thunderstorm, winter storm, wildfire, meteoric impact, volcanic eruptions, other U.S. 
5 Atlas IX Capital DAC 2016-1 Scor Global P&C SE 300.0 U.S. named storm, U.S./Canada earthquake U.S., Canada
6 Galileo Re Ltd. 2016-1 XL Insurance (Bermuda) Ltd. 300.0 U.S. named storm, U.S./Canada earthquake, Europe windstorm U.S., Canada, Europe
7 Caelus Re IV Limited 2016-1 Nationwide Mutual Insurance Co. 300.0 Named storm, earthquake, severe thunderstorm, winter storm, wildfire, volcanic eruption, meteorite impact U.S.
8 Merna Re Ltd 2016-1 State Farm 300.0 Earthquake U.S. New Madrid
9 Citrus RE Ltd. 2016-1 Heritage Property and Casualty Insurance Co.; Zephyr Insurance Co. Inc. 250.0 Named storm  U.S.
10 Residential Reinsurance Limited 2016-2 USAA 250.0 Tropical cyclone, earthquake, severe thunderstorm, winter storm, wildfire, meteoric impact, volcanic eruptions, other U.S.

(1) Excludes non-property/casualty deals.

Source:  GC Securities, a division of MMC Securities LLC., a registered broker-dealer, member FINRA/SIPC.

 
TOP TEN CATASTROPHE BOND TRANSACTIONS, 2008

($ millions)

Rank Special purpose vehicle Sponsor Risk amount  Peril Risk location
1 Residential Re 2008 Ltd. USAA $350.0  Multiple U.S.
2 Muteki Ltd. Zenkyoren (1) 300.0  Earthquake Japan
3 Queen Street Ltd.  Munich Re 265.2    Windstorm Europe
4 Willow Re Allstate 250.0  Hurricane Texas
5 Caelus Re Limited Nationwide 250.0  Multiple U.S. 
6 Mangrove Ltd. Homewise Insurance Company 210.0  Hurricane Florida
7 East Lane Re II Ltd.  Chubb 200.0  Multiple U.S. 
8 Topiary Capital Ltd. Platinum Underwriters 200.0  Multiple U.S./Europe/Japan
9 Nelson Re Glacier Re 180.0  Multiple U.S./Europe
10 Newton Re Ltd. Catlin  150.0  Multiple U.S./Europe/Japan

(1) Sponsored through Munich Re. 
 
Source: Guy Carpenter: GC Securities.

 
TOP TEN CATASTROPHE BOND TRANSACTIONS, 2009

($ millions)

Rank Special purpose vehicle Sponsor Risk amount Peril Risk location
1 Longpoint Re II Ltd. Travelers $500.0 Hurricane Northeast U.S. 
2 Multicat Mexico 2009 Limited Agroasamex (FONDEN) (1) 290.0 Multiple Mexico
3 Residential Re 2009 USAA 250.0 Multiple U.S.
4 Mystic Re II   Liberty Mutual 225.0 Multiple U.S.
5 Lakeside Re II Ltd. Zurich 225.0 U.S. earthquake CA
6 Eurus II Ltd. Hannover 211.6 Windstorm Europe
7 Atlas V SCOR Global P&C SE 200.0 Multiple U.S.
8 Parkton Re Ltd. North Carolina Joint Under-
writing Association/Insurance
Underwriting Association (1)
200.0 Hurricane NC
9 Blue Fin Ltd. (2009 takedowns) Allianz SE 180.0 Multiple U.S.
10 Montana Re Ltd. Flagstone Re 175.0 Hurricane U.S.

(1) Sponsored through Swiss Re.

Source: GC Securities and Guy Carpenter & Company, LLC.

 
TOP TEN CATASTROPHE BOND TRANSACTIONS, 2010

($ millions)

Rank Special purpose vehicle Sponsor Risk amount Peril  Risk location
1 Lodestone Re Ltd. 2010-2 National Union (Chartis) $450.0 Multiple U.S. 
2 Lodestone Re Ltd. National Union (Chartis) 425.0 Multiple U.S. 
3 Residential Re 2010 USAA 405.0 Multiple U.S. 
4 Calypso Capital Limited AXA Global P&C €275.0 Windstorm Europe
5 Merna Re II Ltd. State Farm 350.0 U.S. earthquake U.S. 
6 Johnston Re Ltd. Series 2010-1 NC JUA/IUA (1) 305.0 Hurricane U.S. 
7 Residential Re 2010-II USAA 300.0 Multiple U.S. 
8 Montana Re Ltd. 2010-1 Flagstone Re 210.0 Multiple Multiple
9 Caelus Re II Limited Nationwide 185.0 Multiple U.S. 
10 Foundation Re III Ltd. Hartford Fire Insurance Co. 180.0 Hurricane U.S.

(1) Sponsored through Munich Re.

Source: GC Securities and Guy Carpenter & Company, LLC.

 
TOP TEN CATASTROPHE BOND TRANSACTIONS, 2011

($ millions)

Rank Special purpose vehicle Sponsor Risk amount Peril Risk location
1 Compass Re 2011 Class 2 National Union (Chartis) $250.0 Hurricane, earthquake U.S.
2 Compass Re 2011 Class 3 National Union (Chartis) 250.0 Hurricane, earthquake U.S.
3 East Lane IV 2011-B Chubb 250.0 All perils U.S.
4 Calypso Capital Limited 2011 AXA 247.7 Windstorm Europe
5 East Lane IV 2011-A Chubb 225.0 All perils U.S.
6 Golden State Re State Comp Ins. Fund (CA) 200.0 Earthquake CA
7 Successor X 2011-1 IV-E3 Swiss Re 160.0 Hurricane U.S.
8 Residential Re 2011-5 USAA 160.0 All perils U.S.
9 Queen Street III Munich Re 150.0 Windstorm Europe
10 Embarcadero Re California Earthquake Authority (CA) 150.0 Earthquake CA

Source: GC Securities and Guy Carpenter & Company, LLC.

 
TOP TEN CATASTROPHE BOND TRANSACTIONS, 2012

($ millions)

Rank Special purpose vehicle Sponsor name Risk amount Peril Risk location
1 Everglades Re Ltd. Class A Florida Citizens (FL) $750.0 Hurricane Florida
2 Compass Re Ltd. 2012-1 Class 1 National Union (AIG) 400.0 Hurricane and earthquake U.S.
3 Kibou Ltd. Series 2012-1 Class A Zenkyoren 300.0 Earthquake Japan
4 Embarcadero Re Series 2012-2 California Earthquake Authority (CA) 300.0 Earthquake California
5 Lakeside Re III Ltd. Zurich 270.0 Earthquake U.S. and Canada
6 Mythen Ltd. Class H Swiss Re 250.0 Hurricane/windstorm U.S./Europe
7 Long Point Re III Ltd. Class A Travelers 250.0 Hurricane U.S.
8 Mystic Re III Ltd. Class B Liberty Mutual 175.0 Hurricane and earthquake U.S.
9 Atlas Reinsurance VII Limited Class B SCOR 166.3 Windstorm Europe
10 Residential Re 2012-2 Class 1 USAA 155.0 All perils U.S.

Source: GC Securities, a division of MMC Securities Corp., a U.S. registered broker-dealer, member FINRA/SIPC and Guy Carpenter.

 
TOP TEN CATASTROPHE BOND TRANSACTIONS, 2013

($ millions)

Rank Special purpose vehicle Sponsor name Risk amount Peril Risk location
1 Tar Heel Re 2013-1 NCJUA / NCIUA $500.0 Hurricane North Carolina
2 Bosphorus 1 Re 2013-1 TCIP (Turkey) 400.0 Earthquake Turkey
3 Green Fields II 2013-1 Groupama S.A. 365.7 Windstorm France 
4 Caelus Re 2013-2 Nationwide 320.0 Hurricane/earthquake U.S. 
5 Galileo Re 2013-1 Catlin  300.0 Hurricane/earthquake/windstorm U.S. and Europe
6 Long Point Re III 2013-1 Travelers 300.0 Hurricane Northeast U.S.
7 Merna Re IV State Farm 300.0 Earthquake U.S., New Madrid
8 Nakama Re 2013-1 Zenkyoren 300.0 Earthquake Japan
9 Caelus Re 2013-1 Nationwide 270.0 Hurricane/earthquake U.S. 
10 Everglades Re 2013-1 Florida Citizens 250.0 Hurricane Florida

Source: GC Securities, a division of MMC Securities Corp., a U.S. registered broker-dealer, member FINRA/SIPC, and Guy Carpenter.

 
TOP 10 CATASTROPHE BOND TRANSACTIONS, 2014

($ millions)

Rank Special purpose vehicle Sponsor name Risk amount Peril Risk location
1 Everglades Re 2014-1 Citizens (Florida) $1,500 Hurricane Florida
2 Sanders Re Ltd. 2014-1 Allstate 750 Hurricane and earthquake U.S.
3 Kilimanjaro Re 2014-2 Everest Re 500 Earthquake U.S. and Canada
4 Tradewynd Re Ltd. 2014-1 AIG/National Union/Chartis 500 Hurricane and earthquake U.S. and Canada
5 Kilimanjaro Re 2014-1 Everest Re 450 Hurricane and earthquake U.S.
6 Alamo Re Ltd. Series 2014-2 TWIA 400 Hurricane Texas
7 Ursa Re Ltd. California Earthquake Authority 400 Earthquake California
8 Nakama Re Ltd. 2014-2 Zenkyoren 375 Earthquake Japan
9 Merna Re V 2014-1 State Farm 300 Earthquake New Madrid
10 Nakama Re Ltd. 2014-1 Zenkyoren 300 Earthquake Japan

Source: GC Securities, a division of MMC Securities Corp., a U.S. registered broker-dealer, member FINRA/SIPC, and Guy Carpenter.

 
Top 10 Catastrophe Bond Transactions, 2015

(US$ millions)

Rank Special purpose vehicle Sponsor name Risk amount Peril Risk location
1 Alamo Re Ltd. Series 2015-1 TWIA $700 Hurricane Texas
2 Kilimanjaro Re Ltd. Series 2015-1 Everest Re 625 Hurricane and earthquake U.S.
3 Cranberry Re Ltd. Series 2015-1 MPIUA 300 Hurricane Massachusetts
4 Acorn Re Ltd. Series 2015-1 Kaiser Permanente 300 Earthquake U.S. and Mexico
5 Galileo Re Ltd. 2015-1 Catlin 300 Hurricane and earthquake U.S., Canada, Europe
6 Merna Re Ltd.  State Farm 300 Earthquake New Madrid
7 Everglades Re II Ltd. Florida Citizens 300 Hurricane Florida
8 Long Point Re III Ltd. Travelers 300 Hurricane and earthquake U.S.
9 Nakama Re Ltd. 2015-1 Zenkyoren 300 Earthquake Japan
10 Kizuna Re II Ltd. Series 2015-1 Tokio Marine & Fire 290 Earthquake Japan

Source: GC Securities, a division of MMC Securities Corp., a U.S. registered broker-dealer, member FINRA/SIPC and Guy Carpenter.