Matterhorn Re Ltd. Series 2025-3

Swiss Re has now seen its new Matterhorn Re Ltd. (Series 2025-3) North America earthquake catastrophe bond successfully priced, finalising the issuance to secure a one-third upsized $100 million of protection, while the spreads settled at the low-end of reduced guidance, Artemis has learned.

We are told that global reinsurance company Swiss Re is now aiming to upsize its new Matterhorn Re Ltd. (Series 2025-3)  North America earthquake catastrophe bond by one-third to $100 million, while pricing has declined to the low-end of the revised ranges.

We understand that global reinsurance firm Swiss Re is now targeting reduced pricing for its still $75 million Matterhorn Re Ltd. (Series 2025-3) catastrophe bond transaction that is in the market, as it looks to price the North America earthquake retrocession notes this week.

Swiss Re, one of the world’s largest reinsurance companies, is back in the catastrophe bond market for what will be its third sponsorship this year, targeting $75 million or more in North America earthquake retrocession from a Matterhorn Re Ltd. (Series 2025-3) transaction, Artemis has learned.