Matterhorn Re Ltd. Series 2020-5

Global reinsurance firm Swiss Re looks set for another good result from its latest visit to the catastrophe bond market, as its new Matterhorn Re Ltd. (Series 2020-5) transaction has now doubled in size, while at the same time its coupon pricing has fallen to below the guidance range.

During its annual investor day this morning, Swiss Re’s CFO John Dacey explained just how important the use of alternative capital and relationships with insurance-linked securities (ILS) investors has become for the company, explaining that it aims to build on its use of ILS capacity and find ways to make the capital more permanent.

Global reinsurance firm Swiss Re looks set to target profitable growth for its property and casualty (P&C) reinsurance business, aiming to underwrite more business in the hardening market at a reduced combined ratio.

Global reinsurance firm Swiss Re has returned to the catastrophe bond market for what will be its fifth transaction of 2020 and its sixth in total under the Matterhorn Re program, with a $150 million U.S. named storm focused Matterhorn Re Ltd. (Series 2020-5) deal.