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

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

  • Issuer: Sector Re V Ltd. (Series 1, Class B)
  • 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: $70m
  • Trigger type: ?
  • Ratings: NR
  • Date of issue: Jun 2011

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

This is the second class of cat bond notes that Swiss Re have privately issued through Sector Re V this year, with a $95m Class A tranche having been issued in March.

This single tranche of $70 Series 1 Class B notes issued by Sector Re V provides cover for a number of natural perils: European windstorm, California earthquake, Japanese earthquake, Australia earthquake and tropical cycone and U.S. hurricanes. These are the same perils covered by the March Class A issuance of Sector Re V.

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

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