Sakura Capital 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.

Sakura Capital Ltd. – At a glance:

Issuer: Sakura Capital 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: Japan earthquake
Size: $15m
Trigger type: Parametric index
Ratings: S&P: 'BB+'
Date of issue: Aug 2003

Sakura Capital Ltd. – Full details:

Sakura Ltd., a Cayman Islands special purpose vehicle, provides Swiss Re with a layer of protection for certain Japanese earthquake risks over four years.

The transaction utilises a parametric trigger based on an index which has specified attachment and exhaustion points to calculate how much of the cat bond prinicipal is lost after an event.

———————————————————————
View 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.

« 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.

The Artemis Catastrophe Bond & Insurance-Linked Securities Deal Directory is copyright © Steve Evans Ltd. Reproduction or publication without permission is not permitted. Use of this information within a commercial product, or for profit, without a license is strictly prohibited. Contact us if you would like to use this content or to discuss licensing.