{"id":488,"date":"2024-09-03T13:36:53","date_gmt":"2024-09-03T13:36:53","guid":{"rendered":"https:\/\/scott-carrington.com\/?p=488"},"modified":"2024-09-03T13:36:55","modified_gmt":"2024-09-03T13:36:55","slug":"45-5m-randolph-re-wildfire-private-cat-bond-first-issued-using-a-guernsey-pcc","status":"publish","type":"post","link":"https:\/\/scott-carrington.com\/index.php\/2024\/09\/03\/45-5m-randolph-re-wildfire-private-cat-bond-first-issued-using-a-guernsey-pcc\/","title":{"rendered":"$45.5m Randolph Re wildfire private cat bond first issued using a Guernsey PCC"},"content":{"rendered":"

Aon, via its protected cell company White Rock Insurance Company PCC Limited, has facilitated a new $45.5 million Randolph Re private catastrophe bond, marking the first time a cat bond has been issued using a Guernsey PCC structure.<\/p>\n

\"california-wildfire-powerlines\"This new series 2024-1<\/a> private cat bond is a renewal of previously placed deals that featured reinsurance of wildfire risks on an indemnity trigger basis for a US property casualty insurer with significant exposure to the peril in California.<\/p>\n

The Carey Olsen Guernsey corporate team that advised the issuance of the bond comprised Partner, Christopher Anderson and Senior Associate, Arya Hashemi.<\/p>\n

Anderson said: “The delivery of Randolph Re’s latest private cat bond via a Guernsey-protected cell company for the very first time is a groundbreaking moment for Guernsey’s insurance industry.<\/p>\n

“It showcases both the benefits of structuring ILS transactions through Guernsey and Aon’s ability to broaden its reach to multiple jurisdictions.”<\/p>\n

Rupert Pleasant, Finance Chief Executive, Guernsey Finance, added: “As the effects of climate change continue to intensify, it is imperative that financial centres such as Guernsey continue to put our expertise to good use to provide insurance cover for emerging climate risks.<\/p>\n

“Guernsey is becoming the go-to jurisdiction for providing innovative solutions to manage and insure catastrophe bonds, following earlier work with the Danish Red Cross and IFRC.”<\/p>\n

You can read more about this Randolph Re Ltd. cat bond and hundreds of others in the Deal Directory<\/a> of our sister publication, Artemis.<\/p>\n

The post $45.5m Randolph Re wildfire private cat bond first issued using a Guernsey PCC<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Aon, via its protected cell company White Rock Insurance Company PCC Limited, has facilitated a new $45.5 million Randolph Re<\/p>\n","protected":false},"author":1,"featured_media":490,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"_links":{"self":[{"href":"https:\/\/scott-carrington.com\/index.php\/wp-json\/wp\/v2\/posts\/488"}],"collection":[{"href":"https:\/\/scott-carrington.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/scott-carrington.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/scott-carrington.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/scott-carrington.com\/index.php\/wp-json\/wp\/v2\/comments?post=488"}],"version-history":[{"count":2,"href":"https:\/\/scott-carrington.com\/index.php\/wp-json\/wp\/v2\/posts\/488\/revisions"}],"predecessor-version":[{"id":491,"href":"https:\/\/scott-carrington.com\/index.php\/wp-json\/wp\/v2\/posts\/488\/revisions\/491"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/scott-carrington.com\/index.php\/wp-json\/wp\/v2\/media\/490"}],"wp:attachment":[{"href":"https:\/\/scott-carrington.com\/index.php\/wp-json\/wp\/v2\/media?parent=488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/scott-carrington.com\/index.php\/wp-json\/wp\/v2\/categories?post=488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/scott-carrington.com\/index.php\/wp-json\/wp\/v2\/tags?post=488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}