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Swiss Re to place first Successor X cat bond
13 November 2009
Swiss Re is in the process of placing a catastrophe bond to protect it from California earthquake and North Atlantic hurricane risk in selected states within the US and Puerto Rico, Standard & Poor’s has revealed.
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Swiss Re
Successor X
cat bond
Flagstone Re
Montana Re
Swiss Re is in the process of placing a catastrophe bond to protect it from California earthquake and North Atlantic hurricane risk in selected states within the US and Puerto Rico, Standard & Poor’s (S&P) has revealed.
The bond is the first series of notes to be issued under the principal-at-risk variable-rate note programme, Successor X, which aims to replace...
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