Insight and Intelligence on the London & International Insurance Markets

9 February 2012

Deutsche looking to launch $1bn cat bond alternative Evergreen

6 October 2009

Deutsche Bank is developing an equity-based insurance-linked instrument that would provide (re)insurers with an alternative to cat bonds and sidecar vehicles, The Insurance Insider understands.

The Evergreen product has an ambitious $1bn target volume of risk transfer and the first placement is scheduled for January 2010, according to sources close to the deal.

The Evergreen facility will enable multiple (re)insurers to purchase long-term whole account protection and is structured as part-equity sidecar and part-cat bond, our sister publication Trading Risk...

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