Sector Re V Ltd. (Series 1, Class A)

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

Sector Re V Ltd. (Series 1, Class A) – At a glance:

  • Issuer: Sector Re V Ltd. (Series 1, Class A)
  • Cedent / sponsor: Swiss Re
  • Placement / structuring agent/s: Privately placed by Swiss Re
  • Risk modelling / calculation agents etc: ?
  • Risks / perils covered: U.S. hurricane, U.S. earthquake, Australia earthquake, Australia tropical cyclone, European windstorm, Japanese earthquake,
  • Size: $95m
  • Trigger type: ?
  • Ratings: NR
  • Date of issue: Mar 2011

Sector Re V Ltd. (Series 1, Class A) – Full details:

Sector Re V Ltd. is a Bermuda domiciled special purpose insurer set up by Swiss Re for issuance of private placement, unrated, zero-coupon catastrophe bonds.

It’s believed that Swiss Re are the ultimate beneficiary of the cover provided, although it is possible that the deal benefits a specific insurance client of theirs.

This single tranche of $95m Series 1 Class A notes issued by Sector Re V provides cover for a number of natural perils.

The natural perils covered in this transaction are: European windstorm, California earthquake, Japanese earthquake, Australia earthquake and tropical cycone and U.S. hurricanes.

The offering circular mentions maturity as being due on the 1st March 2016, making this a five year cat bond if that is the case.

No further information on the structure of this deal, triggers or modelling are available.

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.