Australis Ltd

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Australis Ltd – At a glance:

  • Issuer: Australis Ltd
  • Cedent / sponsor: Swiss Re
  • Placement / structuring agent/s: ?
  • Risk modelling / calculation agents etc: ?
  • Risks / perils covered: Australia cyclone, Australia earthquake
  • Size: $100m
  • Trigger type: Parametric index
  • Ratings: S&P: 'BB'
  • Date of issue: Feb 2006
  • Other coverage: Link to external coverage

Australis Ltd – Full details:

Australias first catastrophe bond!

The bond offers local capital markets $US100 million ($AU133.8 million) worth of protection against Australian earthquake and tropical cyclone risk.

Swiss Re expects that the bond would not be exposed to loss more than twice in 100 years.

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