TOP TEN CATASTROPHE BOND TRANSACTIONS, 2008
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
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
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
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
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
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
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
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.
Top 10 Catastrophe Bond Transactions, 2016 (1)
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.