FCC SPARC 2007

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

FCC SPARC 2007 – At a glance:

  • Issuer: FCC SPARC 2007
  • Cedent / sponsor: AXA
  • Placement / structuring agent/s: Natixis structured the deal
  • Risk modelling / calculation agents etc: ?
  • Risks / perils covered: Motor policies
  • Size: $461.9m
  • Trigger type: Loss ratio trigger
  • Ratings: ?
  • Date of issue: Jul 2007
  • Date of maturity (dd/mm/yyyy): 01/01/2011

FCC SPARC 2007 – Full details:

The transaction involves the securitization of the payments related to four quota share reinsurance agreements between reinsurer Nexgen Re Ltd. and five subsidiaries of the AXA group, which cover the risk on a defined individual motor insurance policy book in four countries (Belgium, Germany, Italy and Spain).

Artemis converted the volume of the deal from €411.6 million to $461.85 million. The conversion rate is as of July 2007.

———————————————————————
Artemis catastrophe bond ILS DashboardAnalyse catastrophe bond market issuance using the Artemis Dashboard and Charts.

We’ve tracked more than 650 cat bonds and related ILS transactions since 1996, all of which are included in our extensive Deal Directory.

Use the Artemis Dashboard and our Cat Bond Market Charts to analyse this market!

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.