trending Market Intelligence /marketintelligence/en/news-insights/trending/md222kJlcXtioT8-frqKqg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: Tokio Millennium Re (Bermuda) sponsors $250M cat bond

Infrastructure Issues: Tools to Dig Deep on Potential Risks

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report


Fintech Funding Flows To Insurtech In February

Report: Tokio Millennium Re (Bermuda) sponsors $250M cat bond

Tokio Millennium Re (Bermuda) is sponsoring a $250 million Spectrum Capital Ltd. series 2017-1 catastrophe bond, Artemis reported.

Bermuda special purpose insurer Spectrum Capital will issue two tranches of series 2017-1 notes that use an industry loss trigger based on PCS reported insurance market losses for covered events. The cat bond will provide coverage against losses from U.S. named storms, earthquakes, severe thunderstorms, wildfires, winter storms and Canada earthquakes, according to the report.

Funds raised from the transaction will be used to collateralize two underlying reinsurance agreements, which will offer derivative-style protection and will have a term of almost four years.

The insurance-linked securities blog reported that the $150 million of class A notes have an initial attachment probability of 3.64%, expected loss of 2.72% and a price guidance of between 6% and 6.75%. The $100 million of class B notes have an annualized attachment probability across the term of the deal of 0.89%, an expected loss of 0.69% and a price guidance in the range of 3.25% to 4%.

The coverage of the class A tranche of notes will be on an annual aggregate basis, while the class B tranche will have a per-occurrence coverage for second and subsequent loss events.

The transaction may be completed in June, according to the report.