Swiss Re completes new Vita Capital IV Ltd. mortality bond


Swiss Re have now completed their latest life insurance securitization, Vita Capital IV Ltd. The mortality bond transaction provides Swiss Re with $75m of cover against severe population mortality in the U.S. or the UK. The deal covers a five-year risk period ending in 2014. The notes issued by Vita Capital have been rated ‘BB+’ by Standard & Poor’s.

The deal was arranged by Swiss Re Capital Markets acting as sole manager and bookrunner, Risk Management Solutions provided risk modelling and analysis. The deal utilises collateral based on securities issued by the International Bank of Reconstruction and Development which are highly rated.

It’s said that nervousness about the H1N1 swine flu virus has spurred Swiss Re on to seek this coverage increase.

Read the press release on the Swiss Re website.

Artemis Live - ILS and reinsurance video interviews and podcastView 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.

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.

Read previous post:
Climate change reaching a tipping point; capital markets called on to help

Allianz and the World Wildlife Fund (WWF) have issued a report (press announcement available here) looking into the 'tipping points'...