Swiss Re Insurance-Linked Fund Management

Xactanalysis Insights and PCS

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Crystal Credit investors confirmed to be facing losses

6th January 2012

Investors in the Crystal Credit Ltd. catastrophe bond type transaction, which securitizes payments related to an indemnity-based excess-of-loss retrocession agreement between Swiss Re and Crystal Credit covering a defined portfolio of credit reinsurance treaties, are facing losses. An update issued today by ratings agency Standard & Poor’s confirms that investors in two tranches of Crystal […]

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Muteki Ltd. cat bond could have been triggered by Japan quake

31st March 2011

We’ve received a number of reports over night from sources suggesting that the $300m Muteki Ltd. catastrophe bond, issued by Munich Re on behalf of Japanese cooperative Zenkyoren, has been triggered by the 11th March earthquake in Japan. The transaction is measured against the K-Net data, which we understood was still not complete, but sources […]

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