Private catastrophe bond issuance for 2023 has now reached $642 million, as a new issuance of privately placed insurance-linked securities (ILS) has been completed by the Eclipse Re vehicle, a nearly $100 million Eclipse Re Ltd. (Series 2023-9A) deal.
Eclipse Re Ltd. is a private syndicated collateralised reinsurance note, private catastrophe bond, issuance and reinsurance transformer platform, that is domiciled in Bermuda and owned / operated by ILS market facilitator Artex Capital Solutions.
Back in November we reported that Eclipse Re had issued six new private cat bond issuances totalling almost $91.2 million of risk capital issued.
