First Coast Re II Pte. Ltd. Series 2019-1

Global reinsurance firm Swiss Re said today that it is “excited” to promote the development of an insurance-linked securities (ILS) and catastrophe bond market in Asia, with the completion of the first cat bond it has facilitated in Singapore, the $100 million First Coast Re II Pte. Ltd. (Series 2019-1).

Florida based primary insurer Security First Insurance Company is set to be the beneficiary of the first full 144A catastrophe bond to be issued in Singapore, as a $100 million First Coast Re II Pte. Ltd. (Series 2019-1) transaction has now been priced and is set for completion.