Operational Re II Ltd

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Credit Suisse confirmed as beneficiary of new operational risk cat bonds

We are now able to confirm that investment bank Credit Suisse is the ultimate beneficiary of the collateralised coverage offered by the recently completed CHF 146 million Operational Re II Ltd. insurance-linked securities (ILS) or catastrophe bond like arrangement that transfers operational risk exposure to the capital markets.We announced the read the full article →

Operational Re II Ltd., a second operational risk cat bond, closes at CHF146m

A new operational risk catastrophe bond, Operational Re II Ltd., an insurance-linked securities (ILS) or cat bond like arrangement transferring operational risk exposure to the capital markets, has been successfully completed at a size of CHF 146 million (approx US $148m).We're told that Zurich Insurance Co. Ltd. is again the ceding read the full article →