Twelve Capital
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The manager also said the spread-widening associated with Florence and Michael had a dampening effect on cat bond performance.
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The manager is aiming to sell its products to investors in the UK and French-speaking Europe.
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Twelve Capital issued the Dodeka XVII notes on the Bermuda Stock Exchange yesterday. -
A $125mn tranche of Fibonacci Re notes and a $9.27mn tranche of Dodeka XV notes have been listed on the Bermuda Stock Exchange.
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Twelve’s first and only employee in the US Alex Orloff will be returning to his consultancy Sybella Research.
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Jamie Rodney has joined the firm as director of ILS analytics.
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This transaction is the 16th Dodeka issuance from the investment manager.
