US EditionIRB(Re) Sponsors Brazil's Inaugural ILS Transaction, R$33.7m Andrina
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IRB(Re) wholly owned subsidiary Andrina issues R$33.7 million The post Brazil’s First Insurance Risk Letter (LRS) appeared first on Monitor Mercantil.
IRB(Re) sponsors Brazil's inaugural ILS transaction, R$33.7m Andrina
Brazilian reinsurer IRB(Re), via its wholly owned subsidiary, Andrina Special Purpose Insurance Entity (SSPE), has issued the first insurance-linked securities (ILS) transaction in the country, a R$33.7 million transaction (USD 5.9m) covering risks related to the reinsurer’s surety bond portfolio. This issuance of the first ILS transaction in Brazil comes after the country’s insurance regulator, Superintendence of Private Insurance (SUSEP), appr…
IRB (Re) sponsors first ILS in Brazil, R$33.7m Andrina surety bond risk securitization - Artemis.bm
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The first ever insurance-linked securities (ILS) issuance in Brazil has been completed today, as local reinsurance firm IRB (Re) sponsored the issuance of a R$33.7 million deal to securitize surety bond risks, using its Andrina Special Purpose Insurance Entity (SSPE). IRB (Re) had what was the first insurance-linked securities (ILS) …
The operation, at R$ 33.7 million, involves security of insurance risks and was structured together with Itau
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