2 July 2012Alternative Risk Transfer

Towers Watson Capital Markets launches $22.78 million cat bond

Towers Watson Capital Markets last week arranged a private placement catastrophe bond, Oak Leaf Re 2012-1, which closed at $22.78 million.

Oak Leaf Re 2012-1's value is twice as large as the first Oak Leaf Re insurance-linked securities offering last year. Similar to last year's issuance, the Oak Leaf Re 2012-1 series of bonds has a one-year expected maturity.

"Towers Watsons's presence in this marketplace has been well received, evidenced by the increased number of investors participating in the risk transfer mechanism," said Mike Popkin, senior vice president at Towers Watson Capital Markets.

"TWCM expects that the increased number of investors should continue to expand the secondary market liquidity, which was established during the inaugural year of the Oak Leaf Re program."

Already registered?

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

Alternative Risk Transfer

‘Control of risk’ replaces ‘cost of insurance’ - Bermuda’s captives must react

2 April 2026 Capital shifts are driving Bermuda captives to reposition: in an increasingly competitive environment, can the domicile keep pace with a changing landscape?

Alternative Risk Transfer

Non-life cat bond capacity already exceeds last year’s total: Gallagher Re

1 April 2026 But softening returns see investors taking on riskier tranches.

Alternative Risk Transfer

Cat bond deals match 2025 record pace at $6.1bn Q1 to grease the 1/4

1 April 2026 Competitive cat bond deals begin drilling down to lower levels of property cat towers: Aon.