Appleby Bermuda advised Artex SAC Limited with cat bond transactions
Appleby Bermuda advised Artex SAC Limited in connection with several Dodeka private catastrophe bond transactions from ILS investment fund manager Twelve Capital. The transactions have been issued using Artex’s SAC Limited vehicle. Dodeka XIX, Dodeka XVIII and Dodeka XX each represent a single segregated account of this issuing vehicle.
The underlying catastrophic peril exposures in the segregated accounts have resulted in the issuance of USD76.726 million tradable and listed principal-at-risk ILS notes which have been admitted to the BSX as Section V Insurance Related Securities after the notes were sold to qualified investors, being funds or managed accounts operated by Twelve Capital.
Partner Brad Adderley led the transactions and was assisted by Associates Sarita Ebbin and Laura Burns.
