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.


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 Live - ILS and reinsurance video interviews and podcastView all of our Artemis Live video interviews and subscribe to our podcast.

All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.

Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.

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.