Oak Capital Ltd.

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Oak Capital Ltd. – At a glance:

  • Issuer: Oak Capital Ltd.
  • Cedent / sponsor: Swiss Re
  • Placement / structuring agent/s: Swiss Re Capital Markets acted as sole bookrunner
  • Risk modelling / calculation agents etc: ?
  • Risks / perils covered: European windstorm
  • Size: $24m
  • Trigger type: Parametric index
  • Ratings: S&P: 'BB+'
  • Date of issue: Aug 2003

Oak Capital Ltd. – Full details:

Oak Capital Ltd., a Cayman Islands SPV, provides Swiss Re with four years of protection from qualifying European windstorm events.

Events will be measured on a parametric index to see if they qualify under the terms of the cat bond deal.

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