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.
The rest of this article is locked. Please login to continue reading.
If you don't have a login, you will need to purchase a subscription to gain access to this article, and all the other content. Please use this link and follow the steps.
To take out a free two week trial, use the same link but select the 'trial' option in the dropdown box.
For multi-user price options, or to check if your company has an existing subscription we can add you into, please email Elliot at email@example.com
Twelve Capital, Europe, Cat Bond, Roman Muraviev, North America