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Alternative risk transfer of the year

01 November 2003

Phoenix Sponsor: Zenkyoren Bookrunner: Swiss Re Capital Markets It has been an interesting year for catastrophe bond issuance. A number of innovative deals have been launched as the market continues to grow and mature. But it was the biggest catastrophe bond ever to be launched that caught the eye of voters this year. Phoenix, a $470m deal comprising three tranches covering second-event...


Poll

How big would insured catastrophe losses this hurricane season have to be to move reinsurance pricing up?

$0-15bn
7%
$15bn-$30bn
12%
$30bn-$50bn
37%
$50bn-$75bn
32%
$75bn-$100bn
7%
>$100bn
5%