Swiss Re Insurance-Linked Fund Management

Xactanalysis Insights and PCS

News & Analysis Results

Calabash Re III Ltd cat bond gets to market through innovation

News 16th June 2009

Swiss Re has released further details on it’s recent Calabash Re III Ltd catastrophe bond deal. The $100m deal provides Swiss Reinsurance America Ltd with a source of capacity for a reinsurance agreement which gives it three years of cover. The deal provides Swiss Re America with protection against losses incurred from ceded hurricane and […]

Read the full article

Recent and upcoming catastrophe bond maturities

News 27th March 2012

As securities go, catastrophe bonds and insurance-linked securities are relatively short duration, with an average lifespan of three years. This means that while new issuance flows into the market there is a constant stream of transactions maturing, coming off risk and freeing up investor capital allowing it to be deployed into the new transactions. A […]

Read the full article

S&P downgrades five more catastrophe bonds on hurricane model update

News 30th July 2011

Standard & Poor’s (S&P) has now finished resolving the ratings issues surrounding 16 catastrophe bond tranches which use the Risk Management Solutions (RMS) U.S. hurricane model. The RMS model was updated earlier this year causing the probability of attachment for some cat bonds to increase, thus resulting in an assessment and new rating from S&P.

Read the full article

RMS provided risk analysis for Calabash Re III catastrophe bond

News 24th June 2009

A few more details have come to light on the Swiss Re Calabash Re III deal through the press release from risk modelling agency Risk Management Solutions (RMS). The full press release is below. Risk Management Solutions (RMS) has completed the expert modeling analysis in connection with the securities offering undertaken by Calabash Re III […]

Read the full article

Swiss Re marketing another Calabash Re cat bond

News 20th May 2009

Swiss Re is marketing another catastrophe bond on behalf of it’s subsidiary Swiss Reinsurance America Corp. Calabash Re III Ltd., the third issuance under the Calabash Re SPV, is a $100m bond designed to cover Swiss Re America from risks ceded to them through the reinsurance cover they provide to P&C insurer Ace Limited. The […]

Read the full article

Upcoming catastrophe bond maturities by peril

News 8th June 2012

The catastrophe bond market has seen a busy year so far in 2012 with the total volume of new cat bond issuances now sitting at $3.588 billion according to the data in our Deal Directory. As fast as the market grows from new issuances though it is of course shedding capacity at the other end […]

Read the full article

Catastrophe bond market off to unusually lively start in 2012

News 16th February 2012

The catastrophe bond market has been particularly active during the month of January 2012, with an extraordinary number of new issuances coming to market, according to Swiss based investment manager and private bank Clariden Leu in their latest fund performance report. Five new cat bonds with an issuance volume of close to $800m came to […]

Read the full article

Catastrophe bond ratings on watch due to new RMS hurricane model

News 18th April 2011

Ratings agency Standard & Poor’s has placed the ratings of 16 tranches of catastrophe bond deals on CreditWatch negative due to recent changes in the risk model which was used to assess these cat bonds risks at the time of their issue. All the affected transactions utilise the Risk Management Solutions (RMS) RiskLink U.S. hurricane […]

Read the full article