The world’s oldest insurance and reinsurance marketplace, Lloyd’s, has confirmed the issuance of the first 144A catastrophe bond transaction via London Bridge 2 PCC Limited, the Beazley sponsored $100 million transaction.
The deal, which is listed in the Artemis Deal Directory, is the first 144A property catastrophe bond sponsored by London-based specialty insurer and reinsurer Beazley.
The re/insurer opted to access the capital markets through the Lloyd’s owned UK based insurance-linked securities (ILS) structure, London Bridge 2 PCC Limited, which was sponsored by Lloyd’s as part of its Future at Lloyd’s strategy.
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