Swiss Re Insurance-Linked Fund Management

PCS - Emerging Risks, New Opportunities



Alphabet (Google) targets $250m+ third quake catastrophe bond

17th November 2021

Google’s holding company parent Alphabet, Inc. has returned to the catastrophe bond market for the third time, as it seeks to add another $250 million or more of California earthquake risk protection to its insurance arrangements with the help of insurance-linked securities (ILS) investors in a Phoenician Re Ltd. (Series 2021-1) issuance.

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Google parent Alphabet turns to cat bonds for earthquake insurance

9th November 2020

Alphabet, Inc., the holding company for Google and its many units, has entered the catastrophe bond market for the first time, as the technology giant seeks $237.5 million of earthquake insurance protection that will be fully collateralized through the issuance of a Phoenician Re Ltd. (Series 2020-1)  cat bond transaction to capital market investors.

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