Estera involved in US $2.5B worth of year-end Insurance-Linked Securities transactions

The busy year-end reinsurance renewal season highlights Estera’s expertise in the Insurance-Linked Securities (ILS) industry.

Working with top ILS industry cedants, sponsors, arrangers and managers, Estera has provided a suite of key services on several large ILS transactions that closed between 30 November 2016 and 11 January 2017, including the mammoth US $1,275M Gailiei Re Ltd transaction involving XL Catlin companies. Other ILS transactions completed during this period include Ursa Re Ltd 2016-1 (US$500 million); Bonanza Re Ltd (US$200 million) Horse Capital I DAC (Euro €266 million); Kaith Re Ltd (a combined US $96 million); and Resilience Re Ltd (a combined US$186 million).

Estera recently introduced a unique “combined services” offering aimed at the ILS industry, providing ILS issuers with convenient access to a suite of services under one roof,

including: directorships; incorporations; corporate administration; BSX listings; registrar/note holder agency; trust administration and liquidations. This “one stop shop” facility has quickly gained popularity with issuers of ILS who welcome the efficiency it brings to the complex process of issuing these instruments.

Estera Securities (Bermuda) Limited remains the preferred BSX listing sponsor for ILS, while Estera Management (Bermuda) Limited offers ILS issuers bespoke registrar, transfer agent and note holder agent services, custom designed to suit each issuer’s specific needs. 

Estera Services (Bermuda) Limited provides expert incorporation, corporate administration and directorship services as 

well as trust administration and liquidation services.

Representatives from Estera’s ILS team will be attending a number of key industry events this year including the Artemis ILS NYC 2017 Conference on 3 February 2017 and the SIFMA IRLS 2017 Conference on 26-28 February 2017.

To meet with Estera at one of these events or to find out more about our ILS services, please contact a member of our Bermuda team.


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