Redwood Capital V Ltd. – Full details:
Another tranche of cat bond cover for the California Earthquake Authority, via Swiss Re, providing an additional layer of $150m of earthquake cover.
Redwood V can be triggered when property losses (caused by earthquake) from California personal lines business exceed $11.5BN. It then pays out on a sliding scale until the loss reaches $14BN. The bonds have a maturity of two years
Register today for ILS NYC 2023, our next insurance-linked securities (ILS) market conference. Held in New York City, February 10th, 2023.
Get a ticket soon to ensure you can attend. Secure your place at the event here!
