successor x ltd

Swiss Re’s latest Successor X Ltd. catastrophe bond transaction appears to have completed as two tranches of notes have listed on the Cayman Islands stock exchange. Initially the Successor X Ltd. Series 2012-1 deal was constructed of three tranches of notes, but just two have listed on the exchange. We’re unsure whether the third tranche […]

The pipeline for new catastrophe bond issuance in 2012 is beginning to look very busy with deals launching in the last week and hoping to complete quickly.We know of three new transactions which are currently being marketed and hear of more which should launch soon, possibly by month end. The three transactions which are actively […]

Swiss Re’s latest catastrophe bond transaction under their Successor X Ltd. Cayman Islands special purpose vehicle has closed successfully at an upsized $130m. The Series 2011-3 Successor X deal began marketing a few weeks ago, with two tranches of notes, only one of which was being rated. This is the fifth time Swiss Re has […]

Swiss Re are issuing another catastrophe bond under their Successor X Ltd. principal-at-risk variable-rate note program. Successor X Ltd. is a Cayman Islands domiciled special purpose vehicle. This will be the fifth issuance under the programme and this time they are issuing two tranches of notes, although we only have details on one of them […]

Swiss Re has announced the closure of its latest catastrophe bond issuance under the Successor X Ltd. SPV. This latest transaction, Successor X Ltd. Series 2011-2 has secured $305m of catastrophe protection for North Atlantic hurricane and California earthquakes for Swiss Re.

After the flurry of catastrophe bond deals which closed during December 2010, January 2011 has seemed a little quiet so far. Now Swiss Re have kicked off the 2011 catastrophe bond market with a new issuance under their Successor X Ltd. Cayman Islands domiciled special purpose vehicle. This will be the fourth issuance under the […]

Swiss Re just managed to close their latest catastrophe bond issuance under their Successor X Ltd., Cayman Islands domiciled special purpose vehicle in 2010 which has helped to take total catastrophe bond issuance for 2010 to around $5.2 billion. In this deal $170m of Series 2011-1 notes were issued to protect Swiss Re from various […]

Swiss Re is bringing to market two new tranches of catastrophe bond notes under it’s Successor X Ltd. SPV. Earlier this year Swiss Re issued $120m worth of notes through Successor X Ltd. to provide them with cover for a portion of their U.S. hurricane, European windstorm, California earthquake and Japanese earthquake risks.

Swiss Re have announced completion of their latest catastrophe bond transaction. Successor X Ltd. Series 2010-1, the second transaction under the Successor X Cayman Island SPV, is a three year multi-peril deal. The transaction provides Swiss Re with cover for a portion of their U.S. hurricane, European windstorm, California earthquake and Japanese earthquake risks.

Swiss Re is preparing to launch a new catastrophe bond issue under it’s Successor program. The Successor X Ltd. Series 2010-1 notes are designed to provide Swiss Re with protection against U.S. hurricane and European windstorm risks for a period of three years from March 2010 to March 2013.