Matterhorn Re Ltd

Global reinsurer Swiss Re has now secured $250 million of US named storm per-occurrence based retrocessional protection through its Matterhorn Re Ltd. (Series 2026-2) catastrophe bond transaction, while the spreads settled at the low-end of reduced guidance, Artemis has learned.

Swiss Re is now targeting lower pricing for its latest catastrophe bond sponsorship, while the target remains to secure $250 million of US named storm per-occurrence based retrocessional protection through the Matterhorn Re Ltd. (Series 2026-2) transaction, Artemis has learned.

Global reinsurance giant Swiss Re is back in the catastrophe bond market to sponsor its second issuance of the year, with an initial target to secure $250 million of US named storm per-occurrence based retrocessional protection through a Matterhorn Re Ltd. (Series 2026-2) transaction, Artemis can report.

Swiss Re has now secured its upsized target of $150 million of aggregate and subsequent event retrocessional reinsurance covering North American peak perils from its new Matterhorn Re Ltd. (Series 2026-1) catastrophe bond, while each of three tranches of notes priced at the top-end of initial guidance ranges, Artemis can report.

Global reinsurance firm Swiss Re is now targeting up to $150 million of aggregate and subsequent event retrocession covering North American peak perils from its new Matterhorn Re Ltd. (Series 2026-1) catastrophe bond, while price guidance for each of three tranches of notes have been raised to the top-end of initial ranges, Artemis can report.

Swiss Re has returned to the catastrophe bond market for its first sponsorship of this year, seeking $125 million or more in peak peril aggregate and subsequent event retrocession covering North American wind and earthquakes from a Matterhorn Re Ltd. (Series 2026-1) transaction, Artemis can report.

Swiss Re has made an early redemption of the loss exposed Class A notes from its Matterhorn Re Ltd. (Series 2020-2) catastrophe bond issuance after benefiting from roughly $33.1 million in recoveries under their retrocessional protection, leaving the remaining $46.9 million of principal set to be returned to investors, Artemis understands.

Global reinsurance giant Swiss Re is bringing together its insurance-linked securities (ILS) investment management operations under the Swiss Re Insurance-Linked Investment Advisors Corporation (SRILIAC) brand and the combined ILS management unit will be led by long-standing executive Mariagiovanna Guatteri.

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.