Twelve Capital issues private Catastrophe Bond “Dodeka XIV”

Twelve Capital announces the issuance of “Dodeka XIV”, the latest instrument in its series of private cat bonds. Dodeka XIV is a USD denominated USD 35m cat bond covering second event risk across all natural perils in the United States. Cat bonds issued out of Twelve Capital’s bespoke Dodeka programme are only available for funds and mandates managed by Twelve Capital, who have fully absorbed the entire issuance of this transaction.

“The Dodeka programme allows our cat bond funds to invest into perils that are not readily available in securities format, resulting in improved portfolio diversification, or into transactions exhibiting more attractive economic terms. Especially in the aftermath of the recent hurricanes, the Dodeka programme allows Twelve Capital’s investors to benefit from the current increases in premiums across collateralised reinsurance and retrocession markets” says Sandro Kriesch, Managing Partner and Head of ILS at Twelve Capital.

Twelve Capital will continue to securitise private ILS content under its proprietary Dodeka programme if it fits the profile and investment needs of its cat bond funds and mandates.

Wednesday, 10 January 2018

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Twelve Capital is an independent investment manager specialising in insurance investments for institutional clients as well as a leading provider of capital to the insurance and reinsurance industry.

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