Redwood Capital IX Ltd.

The Artemis Catastrophe Bond and Insurance-linked Securities Deal Directory aims to provide a one-stop resource for information on every cat bond and ILS transaction we hold information on. The content of this Deal Directory is provided as is and there will be some omissions. Help us to keep these cat bond and ILS transaction summaries up to date by contacting us if you see an error or omission that you can correct.

Share

Redwood Capital IX Ltd. – At a glance:

  • Issuer: Redwood Capital IX Ltd.
  • Cedent / sponsor: Swiss Re
  • Placement / structuring agent/s: ?
  • Risk modelling / calculation agents etc: ?
  • Risks / perils covered: California earthquake
  • Size: $300m
  • Trigger type: Parametric index
  • Ratings: S&P: Class A - 'BB+', Class B - 'BB+', Class C - 'BBB-', Class D - 'BB', Class E - 'B'
  • Date of issue: Dec 2006

Redwood Capital IX Ltd. – Full details:

Swiss Re’s latest Redwood Capital catastrophe bond deal which saw them offload some of their California earthquake risks which they assume through their participation in the California Earthquake Authorities reinsurance program.

Five tranches of Series 1 notes were issued and sold to investors, all exposed to California earthquake risks on a parametric basis.

Print Friendly, PDF & Email

« Go back to the Catastrophe Bond Deal Directory

Help us keep this valuable resource up to date. If you have information on a catastrophe bond or insurance-linked security deal we have not covered or can see something that we should change, please contact us to let us know.