mortality bond


SCOR “kicked itself” for not renewing mortality bonds: CEO Rousseau

French reinsurance company SCOR "kicked itself" for not having renewed its mortality catastrophe bonds in the past, the firms new CEO Laurent Rousseau explained today. Laurent Rousseau was speaking during a virtual event organised by the organisers of the Rendez-Vous de Septembre (RVS) today, in which he discussed the pandemic and read the full article →

Swiss Re’s Vita Capital mortality bond settles at $120m, priced on target

Swiss Re has successfully upsized its new Vita Capital VI Limited (Series 2021-1) mortality catastrophe bond transaction to $120 million, just below its revised upper-end target for the deal. The global reinsurance giant had returned to the catastrophe bond market with a new excess, or extreme, mortality cat bond transaction back read the full article →

Swiss Re lifts Vita Capital mortality cat bond upper target to $125m

Global reinsurance giant Swiss Re is aiming to upsize its new Vita Capital VI Limited (Series 2021-1) mortality catastrophe bond transaction, with the targeted issuance now lifted to between $100 million and $125 million of extreme mortality protection, we're told. Swiss Re returned to the catastrophe bond market with a new read the full article →

Swiss Re targets $75m Vita Capital VI mortality cat bond

Global reinsurance company Swiss Re is back in the capital markets in search of protection for its life reinsurance business, with a new Vita Capital VI Limited (Series 2021-1) mortality catastrophe bond deal that aims to secure $75 million or more of extreme mortality protection. This will be the eighth extreme read the full article →

RGA explored pandemic risk transfer, including catastrophe bonds

Reinsurance Group of America (RGA) has explored a variety of ways of transferring mortality risks related to pandemics off its books, including capital markets backed instruments such as catastrophe bonds. The life focused reinsurance firm has a significant mortality book, of course, as a result of which pandemics are one of read the full article →

Swiss Re in Vita Capital V mortality cat bond early redemption

Global reinsurance firm Swiss Re has continued its trend of redeeming its series of Vita Capital mortality linked catastrophe bonds, with its $275m 2012 transaction Vita Capital V Ltd. called a year early and investors to be paid a premium of 1%. Swiss Re has regularly redeemed its mortality catastrophe bonds read the full article →

Innovative Benu Capital deal is largest excess mortality ILS since 2007

Insurer AXA Global Life hailed the completion of its new mortality bond issuance Benu Capital Limited as an innovative transaction providing it with capital markets backed collateralized mortality reinsurance protection, the largest such deal since 2007. The newly formed Irish special purpose vehicle named Benu Capital issued €285 million of excess read the full article →

Uncertainty a factor in mortality catastrophe bonds like Benu Capital

For mortality linked catastrophe bonds, such as AXA Global Life's €285m Benu Capital Limited deal that has recently completed, uncertainty as well as the potential for unmodelled risk impacts are always a factor. Covering extreme mortality catastrophe events is an uncertain business, given there are so many diverse factors that can read the full article →

Benu Capital grows to €285m, as higher risk mortality layer appeals

AXA Global Life's excess mortality catastrophe bond transaction Benu Capital Limited has upsized, as was expected, to a total size of €285m, as investors showed a greater desire to allocate capital to the higher risk and return layer of mortality risk. The Benu Capital mortality cat bond deal launched at €250m read the full article →

Benu Capital mortality cat bond likely to grow, pricing moves upwards

The Benu Capital Limited extreme mortality catastrophe bond, which is being brought to market on behalf of sponsoring insurer AXA Global Life, looks like it may upsize due to investor demand while the pricing indication has moved towards the upper end of guidance. AXA's mortality cat bond launched almost a fortnight read the full article →