As a leader in Insurance-Linked Securities (ILS), Swiss Re is committed to the development of a market for liquid, transparent and tradable insurance linked risk products. We leverage our re/insurance industry and capital markets experience for superior deal execution.
The table below contains links to news releases of ILS structured by Swiss Re Capital Markets for our clients and for Swiss Re.
All securities activity is performed by appropriately licensed Swiss Re affiliates. Please visit Swiss Re Capital Markets to find out more about ILS, including a publication on the fundamentals of insurance-linked securities.
Zurich - Swiss Re enters into a weather derivative contract
Swiss Re announced that it has entered into a weather derivative contract with the International Development Association (IDA), the arm of the World Bank that helps the world's poorest countries. Under the terms of the contract, Swiss Re will pay out up to USD 5 million in the event that Malawi's farmers suffer from a drought-related shortfall in maize production. With this transaction, the IDA backs its first-ever weather derivative contract with the Government of Malawi.
Zurich - Swiss Re to enter into a partnership with CelsiusPro
Today, Swiss Re announced a partnership with CelsiusPro to offer weather risk transfer solutions to European companies. Swiss Re provides risk capacity and expertise to support CelsiusPro's online platform. The partnership allows companies to enter into weather derivative contracts via www.CelsiusPro.com and protect themselves against financial losses related to adverse weather conditions.
Zurich - Natural catastrophe protection through Vega capital programme
Swiss Re has obtained USD 150 million protection against North Atlantic hurricane, European windstorm, Californian earthquake, Japanese earthquake and Japanese typhoon through a natural catastrophe protection programme named Vega Capital Ltd ('Vega').
New York - Energy Risk names Swiss Re transaction "Deal of the Year"
Swiss Re's GlobeCat transaction was named Deal of the Year by Energy Risk magazine for their successful structuring and placement of USD 85 million of securities covering windstorm events in the US as well as earthquakes in California and Central America.
New York - Swiss Re successfully closes USD 175m private XXX transaction
Swiss Re and The Savings Bank Life Insurance Company of Massachusetts ('SBLI') today jointly announced the closing of SBLI's private XXX securitization on December 28, 2007. Under the terms of the transaction, Swiss Re will fund up to $175 million of peak Regulation XXX reserve requirements.
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