Arbor II 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.

Share

Arbor II Ltd. – At a glance:

  • Issuer: Arbor II Ltd.
  • Cedent / sponsor: Swiss Re
  • Placement / structuring agent/s: Swiss Re Capital Markets acted as sole bookrunner
  • Risk modelling / calculation agents etc: ?
  • Risks / perils covered: U.S. hurricane, European windstorm, California earthquake, Japan earthquake
  • Size: $27m
  • Trigger type: Parametric index
  • Ratings: S&P: 'A+'
  • Date of issue: Aug 2003

Arbor II Ltd. – Full details:

Swiss Reinsurance Co. has arranged $27 million in protection against a collection of natural catastrophe exposures through a catastrophe bond program the company is calling Arbor II Ltd., a special purpose Cayman Islands exempted companies (SPC).

Proceeds from the bonds, which have four-year maturities, will back contracts between the special purpose vehicles and Swiss Re, indemnifying the Zurich-based reinsurer should any of the specified natural catastrophes occur and qualify under the terms of Arbor II Ltd.

The financial contracts in Arbor II Ltd. provide protection to Swiss Re based on parametric index triggers and have similar structural characteristics (e.g., index, attachment points, etc.) as the corresponding single peril tranches of the Pioneer deal.

———————————————————————
new-york-statue-libertyMake sure you register soon to attend our ILS NYC conference, held February 7th 2020 in New York City.

Tickets are selling fast.

Secure your place at the event and get your ticket today!

Print Friendly, PDF & Email

« Go back to the Catastrophe Bond Deal Directory

Help us keep this valuable resource up to date. If you have information on a catastrophe bond or insurance-linked security deal we have not covered or can see something that we should change, please contact us to let us know.