Swiss Re Insurance-Linked Fund Management

Xactanalysis Insights and PCS

contingent capital


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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Banks look to contingent capital as form of catastrophe insurance

26th February 2013

Contingent capital has been back on our radar recently thanks to the market rumours suggesting that reinsurer Swiss Re has been arranging a marketing roadshow for a contingent convertible bond issuance recently. The first time we wrote about contingent capital on Artemis it was not with reference to reinsurers however, it was discussing whether contingent […]

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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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Volatility drives need for contingent sources of capital: Liès

23rd October 2012

One of the key events in the reinsurance cycle is currently underway in Germany. The Baden-Baden Reinsurance Symposium is another event which presents an opportunity for reinsurers, brokers and cedants to meet and discuss pricing, rates and availability of coverage for the forthcoming January renewals. One of the issues raised which is worthy of some […]

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SCOR extends natural catastrophe contingent capital facility

16th May 2012

French reinsurer SCOR have announced that they have extended the cover available to them through their natural catastrophe contingent capital facility which they launched back in 2010. They have elected to extend the innovative contingent capital solution, which acts as an event-driven guaranteed equity line, by an additional €75m taking the amount of cover SCOR’s […]

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