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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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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%