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Kortis bond laid foundation for longevity risk ILS market

The pioneering structure and model of Swiss Re’s 2010 Kortis Capital Ltd. longevity-linked insurance-linked securities (ILS) lays the foundation for successfully transferring longevity risks to the capital markets, according to research by the Pensions Institute at Cass Business School.In a recent study, ‘Modelling longevity bonds: Analysing the Swiss Re Kortis read the full article →

RMS models first longevity risk bond, Kortis Capital Ltd.

Risk Management Solutions (RMS) has released details about its part as risk modeller for the recent Kortis Capital Ltd. transaction, the first longevity catastrophe bond, issued by Swiss Re. The deal closed recently and enabled Swiss Re to transfer $50m of its longevity risks to the capital markets through insurance-linked read the full article →

Swiss Re completes Kortis Capital Ltd; first longevity catastrophe bond

Swiss Re has announced the completion of the first ever longevity trend catastrophe bond with the completion of Kortis Capital Ltd. The deal transfers $50m of longevity trend risk over to the capital markets for Swiss Re using the familiar structure more commonly utilised for natural catastrophe risk.The catastrophe bond read the full article →

Kortis Capital Ltd. to issue longevity catastrophe bond for Swiss Re

Kortis Capital Ltd., a Cayman Islands domiciled SPV, is to issue a series of longevity-linked insurance-linked securities (or catastrophe bonds) on behalf of cedent Swiss Re. This is the first cat bond type structure used to transfer longevity risks to the capital markets (we believe). Previously Swiss Re have been read the full article →