Titania Re cat bond an important part of Ariel Re’s strategy: CEO Mather

Titania Re cat bond an important part of Ariel Re’s strategy: CEO Mather

The just recently completed $150 million Titania Re Ltd. (Series 2021-1) catastrophe bond is a vital part of Ariel Res strategy, according to the reinsurance companys CEO Ryan Mather, who likewise said that partnership with ILS investors is helpful to the business, its customers and its owners.Ariel Re went into the disaster bond market for the very first time with the Titania Re deal towards completion of May.
With catastrophe bond market conditions favorable for sponsors and financier cravings strong for brand-new concerns, Bermuda headquartered reinsurance firm Ariel Re benefited from this as the pricing settled at roughly 14% below the preliminary guidance.
The Titania Re cat bond will offer Ariel Re with an US $150 million source of multi-year collateralised retrocessional reinsurance defense, on a market loss index trigger basis.
Ariel Re now takes advantage of three-years of reinsurance protection against losses from North American named earthquakes and storms, thanks to the effective issuance.
Ryan Mather, Chief Executive Officer of Ariel Re, discussed the issuance of Ariel Res first catastrophe bond, stating, “Were very delighted to announce the success of Ariel Res entrance into the feline bond market. This deal supports Ariel Re in our mission to be the premier supervisor of reinsurance threat.”
Mather broadened saying, “Titania Re is a crucial part of our method and this collaboration with valued ILS financiers will benefit those investors, Ariel Res clients and our owners.”
The Titania Re catastrophe bond closed earlier today therefore is now fully-included in our Deal Directory and range of cat bond market charts and visualisations.
Referring to the success of the issuance, Matthew Twilley, Head of Ceded at Ariel Re, likewise said, “The strong demand from investors allowed us to perform the transaction with confidence; we are motivated by this assistance for Ariel Re and goal to construct on our relationships with ILS investors.”
TigerRisk Capital Markets & & Advisory served as Sole Structuring Agent and Joint Bookrunner for thee Titania Re feline bond issuance, with Aon Securities LLC functioning as Joint Bookrunner.
You can read all about this first disaster bond from Ariel Re, the $150 million Titania Re Ltd. (Series 2021-1), in addition to every other feline bond ever released in the Artemis Deal Directory.

Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!