Phoenix Quake Wind 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.

Phoenix Quake Wind Ltd. - At a glance:

• Issuer / SPV: Phoenix Quake Wind Ltd.
• Cedent / Sponsor: Zenkyoren
• Placement / structuring agent/s: Swiss Re Capital Markets
• Risk modelling / calculation agents etc: EQECAT
• Risks / Perils covered: Japan earthquake & typhoon
• Size: $85m
• Trigger type: Parametric index
• Ratings: S&P: 'BBB-'
• Date of issue: Jun 2003

Phoenix Quake Wind Ltd. - Full details

This cat bond was issued through Phoenix Quake Wind, Ltd a special purpose Cayman Islands company established by Swiss Re on behalf of Zenkyoren (Japanese National Mutual Insurance Federation of Agricultural Cooperatives).

The five-year transaction covers potential losses from second event occurrences of major earthquakes and/or typhoons in Japan.