Sector Re V Ltd. (Series 1, Class B) – Full details:
This is the second class of cat bond notes that Swiss Re have privately issued through Sector Re V this year, with a $95m Class A tranche having been issued in March.
This single tranche of $70 Series 1 Class B notes issued by Sector Re V provides cover for a number of natural perils: European windstorm, California earthquake, Japanese earthquake, Australia earthquake and tropical cycone and U.S. hurricanes. These are the same perils covered by the March Class A issuance of Sector Re V.
No further information on the structure of this deal, triggers or modelling are available.
View all of our Artemis Live video interviews and subscribe to our podcast.
All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.
Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.