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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.

Read more: 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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For more catastrophe reports, data and news, click through to the RMS/Reactions Catastrophe Centre.

Poll

Catastrophe bond issuance was $4.3bn in 2011. How much new issuance will there be in 2012?

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0%
$3bn-$4bn
0%
$4bn-$5bn
0%
$5bn-$6bn
100%
$6bn-$7bn
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More than $7bn
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