Twelve Capital, the Zurich-based independent investment manager, has issued another cat bond using a unique structure whereby three different events must occur before it is triggered.
Dodeka III is a $10 million zero-coupon one-year cat bond that covers multi-peril risk in the US. In order for the bond to be triggered, at least three independent events have to reach a predefined loss level.
To continue reading, you need a subscription to Intelligent Insurer. Start a subscription today for £655.
In-house feature articles, the archive and expert comment require a paid subscription. Subscribe now.
Want to give it a try? We are offering a two week free trial to the Intelligent Insurer website – register and select “Two Week Free Trial” to begin access to the full Intelligent Insurer archive and read the latest news, features and expert comment. Begin your free trial here.
Is your 2 week free trial about to end? Upgrade to a 12 month subscription for £655 now.
If you have already subscribed please login.
If you have any technical issues please contact support.
Twelve Capital, Europe, Cat Bond, Roman Muraviev, North America