Successor II Ltd. (Series 4)

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 II Ltd. (Series 4) - At a glance:

  • Issuer / SPV: Successor II Ltd. (Series 4)
  • Cedent / Sponsor: Swiss Re
  • Placement / structuring agent/s: Swiss Re Capital Markets was sole underwriter
  • Risk modelling / calculation agents etc: ?
  • Risks / Perils covered: U.S. hurricane, U.S. earthquake
  • Size: $60m
  • Trigger type: Parametric index
  • Ratings: ?
  • Date of issue: Apr 2009
  • Artemis.bm news coverage: Articles discussing Successor II Ltd. (Series 4) from Artemis.bm

Successor II Ltd. (Series 4) - Full details

Swiss Re has again tapped it’s Successor II shelf programme to transfer more of it’s catastrophe risks to the capital markets. Successor II Ltd., set up in 2006, is a Cayman Islands based SPV set up to allow Swiss Re to issue further securities when it chooses.

The $60m of Series 4 notes issued in this transaction provide cover for Swiss Re against losses from Atlantic hurricanes and California earthquakes.

The trigger used is a parametric index for both perils.

This deal was privately placed and unrated, it involved Swiss Re Capital Markets as sole underwriter.




Go back to the Catastrophe Bond Deal Directory

The Artemis Catastrophe Bond & Insurance-Linked Securities Deal Directory is copyright © Steve Evans Ltd. Reproduction or publication without permission is not permitted. Use of this information within a commercial product, or for profit, without a license is strictly prohibited. Contact us if you would like to use this content or to discuss licensing.














Jardine Lloyd Thompson Capital Markets