Powered by

AlphaCat and Ledger Investing Announce Insurance-Linked Securities Transaction

Jan 17, 2019 - Business Wire

AlphaCat Managers, Ltd. ("AlphaCat") and Ledger Capital Markets, LLC ("Ledger") announced today the direct securitization of a non-standard passenger auto insurance portfolio.

The transaction brings a new class of business to insurance-linked securities (ILS) investors and includes a private placement of two tranches of notes amounting to $10M, including a $6.67M senior note. The $3.33M junior note will pay ILS fund investors retained earnings after payments made to support the senior tran...