Arbor II 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.

Arbor II Ltd. - At a glance:

  • Issuer / SPV: Arbor II 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: U.S. hurricane, European windstorm, California earthquake, Japan earthquake
  • Size: $27m
  • Trigger type: Parametric index
  • Ratings: S&P: 'A+'
  • Date of issue: Aug 2003

Arbor II Ltd. - Full details

Swiss Reinsurance Co. has arranged $27 million in protection against a collection of natural catastrophe exposures through a catastrophe bond program the company is calling Arbor II Ltd., a special purpose Cayman Islands exempted companies (SPC).

Proceeds from the bonds, which have four-year maturities, will back contracts between the special purpose vehicles and Swiss Re, indemnifying the Zurich-based reinsurer should any of the specified natural catastrophes occur and qualify under the terms of Arbor II Ltd.

The financial contracts in Arbor II Ltd. provide protection to Swiss Re based on parametric index triggers and have similar structural characteristics (e.g., index, attachment points, etc.) as the corresponding single peril tranches of the Pioneer deal.




Go back to the Catastrophe Bond Deal Directory

The Artemis Catastrophe Bond & Insurance-Linked Securities Deal Directory is copyright © Steve Evans Ltd. Reproduction or publication without permission is not permitted. Use of this information within a commercial product, or for profit, without a license is strictly prohibited. Contact us if you would like to use this content or to discuss licensing.














Jardine Lloyd Thompson Capital Markets