Successor I Ltd.
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Successor I Ltd. - At a glance:
- Issuer / SPV: Successor I Ltd.
- Cedent / Sponsor: Swiss Re
- Placement / structuring agent/s: ?
- Risk modelling / calculation agents etc: ?
- Risks / Perils covered: U.S. hurricane, European windstorm, California earthquake, Japan earthquake
- Size: $28.5m
- Trigger type: Multiple trigger types
- Ratings: ?
- Date of issue: Dec 2006
Successor I Ltd. - Full details
This deal saw Swiss Re roll out their Successor I Ltd. catastrophe bond SPV to issue two tranches of notes exposed to multiple perils.
$4m of Series 1 Class B notes have exposure to all the perils listed above.
$24.5m of Series 2 Class B notes have exposure to all the perils above.
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