Successor I 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.

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.