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Big is not always beautiful


Big is not always beautiful

Interest from small and mid-sized cedants in the use of ILS as a risk transfer mechanism is growing fast and several platforms are now able to facilitate transactions around the $10 million mark, as Robert Eastham, managing director of Kane Bermuda, tells Intelligent ILS.

As interest in insurance-linked securities (ILS) as a risk transfer tool continues to grow, a number of platforms have been formed designed to make it cost-efficient for smaller cedants to leverage this market.

Kane Bermuda—a subsidiary of insurance manager Kane—has closed its seventh deal via its recently established private catastrophe bond platform, bringing the total volume of issuance from the platform to more than $135 million of outstanding notes.

Launched in August 2013 as a result of investor demand, the platform, which allows transactions to be listed on the Bermuda Stock Exchange (BSX), operates as an extension of Kane SAC’s current offerings.

ILS, Kane Bermuda, Robert Eastham, cat bonds, collateralised reinsurance

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