Sector Re V Ltd. (Series 1, Class B)
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Sector Re V Ltd. (Series 1, Class B) - At a glance:
- Issuer / SPV: Sector Re V Ltd. (Series 1, Class B)
- Cedent / Sponsor: Swiss Re
- Placement / structuring agent/s: Privately placed by Swiss Re
- Risk modelling / calculation agents etc: ?
- Risks / Perils covered: U.S. hurricane, U.S. earthquake, Australia earthquake, Australia tropical cyclone, European windstorm, Japanese earthquake
- Size: $70m
- Trigger type: ?
- Ratings: NR
- Date of issue: Jun 2011
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.
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