Swiss Re Insurance-Linked Fund Management

PCS - Emerging Risks, New Opportunities



Fitch rates Swiss Re’s $750m contingent capital notes

3rd April 2013

Reinsurer Swiss Re’s contingent capital bond issuance came to market last month and succeeded in securing the Swiss based reinsurer a $750m source of capital protection linked to its solvency from investors. The transaction received a lot of attention in the press as it came to market and was reported to have been oversubscribed as […]

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More details emerge on Swiss Re’s contingent capital bond issuance

5th March 2013

Almost two weeks ago we wrote about the rumoured contingent convertible bond issuance which Swiss Re would be sponsoring as a way to protect its balance sheet against declines in its capitalisation. Contingent capital used in this way can provide broad protection against many risks which could impact a reinsurer like Swiss Re, from large […]

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Swiss Re said to be planning contingent convertible bond issuance

21st February 2013

Reinsurer Swiss Re is in the news today regarding the use of contingent capital, after a bank told reporters at Dow Jones that the reinsurer plans to arrange a series of meetings to roadshow a contingent convertible bond issuance. The bank source is said to be one of the institutions arranging the investor meetings, or […]

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Swiss Re looks to increase use of contingent capital

27th February 2012

Contingent capital is an alternative form of capital or financing which can be triggered and made available under certain, specific pre-defined circumstances. It’s becoming a flexible way for companies to arrange a source of financing which is made available at precisely the times they need it. In the case of re/insurers contingent capital can come […]

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Moody’s positive on contingent capital facilities, expects more

13th July 2011

Ratings agency Moody’s has published an article discussing the announcement from French reinsurer SCOR about the triggering of their catastrophe linked contingent capital facility. Just over a week ago SCOR announced that the facility had successfully been triggered and would pay them €75m due to their rising catastrophe losses.

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Allianz sets up €500m contingent capital facility with Nippon Life

7th July 2011

Contingent capital, which provides a source of capital under certain circumstances and triggers, is becoming a more popular way to provide a predictable source of financing at exactly the times that a company requires it. The other day we wrote about French reinsurer SCOR’s contingent capital facility being triggered due to their increasing Q1 natural […]

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