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.
MedQuake Ltd. - At a glance:
- Issuer / SPV: MedQuake Ltd.
- Cedent / Sponsor: Swiss Re
- Placement / structuring agent/s: Underwritten by Swiss Re Capital Markets
- Risk modelling / calculation agents etc: ?
- Risks / Perils covered: Mediterranean earthquake
- Size: $100m
- Trigger type: Parametric index
- Ratings: S&P: Class A - 'BB-', Class B - 'B'
- Date of issue: May 2007
MedQuake Ltd. - Full details
This deal comprised 100 mln usd worth of protection against earthquake claims from MedQuake Ltd, sponsoring the first Mediterranean earthquake risk bond.
Under the terms of the agreement, MedQuake will issue principal at-risk variable rate notes covering severe earthquake risk in Turkey, Greece, Israel, Portugal and Cyprus for the period May 2007 through May 2010.
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