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ILS Capital Completes First-Ever Securitisation of Trapped Capital, Solving Reinsurance Industry Problem

By ILS Capital Management 2020-08-20T13:23:00

Marking a milestone in asset-backed securities, ILS Capital Management, a Bermuda-based investment firm specializing in insurance and reinsurance investments, has completed a $57 million offering of 5.50% asset-backed notes, a securitization of the residual value of trust accounts supporting reinsurance contracts (known in the industry as trapped capital).

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