Switzerland-based reinsurance investment manager TwelveCapital has completed the issuance of a $14.6 million Dodeka IX privatecatastrophe bond, Artemis reported July 13.
The notes are listed on the Bermuda Stock Exchange and aredue Jan. 20, 2017. The notes likely represent a single seasonal reinsurance orretrocession contract covering the North American hurricane season throughout2016, the news outlet reported.
Twelve Capital also recentlycompleted the issuance of an $11.5 million Dodeka V-2016 privatecat bond.