mortality catastrophe bond

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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 →

Life ILS increasingly relevant due to pandemic & regulatory/economic landscape: Luca Tres, Securis

The arrival of a global pandemic accelerated transformations already taking place across the re/insurance industry, which in turn has created an opportunity for certain insurance-linked securities (ILS) market participants to play a greater role, according to Luca Tres, Partner leading the global life origination and structuring efforts at Securis Investment read the full article →

Schroders raises $420m for new Life Insurance-Linked Security (ILS) fund

Global investment manager Schroders has raised $420 million of capital from third-party institutional investors for a new life insurance-linked securities (ILS) fund strategy that it has launched. The newly-launched Life Insurance-Linked Security (ILS) fund, Life Insurance Linked II, offers its investors a way to gain significant diversification against traditional asset classes, read the full article →

COVID-19 waves & vaccines modelled for La Vie Re mortality cat bond: RMS

The potential impacts of a second wave of the COVID-19 pandemic on mortality, as well as how vaccines and other factors play into this, was modelled for in the recent La Vie Re Limited (Series 2020-1) mortality catastrophe bond issuance, RMS has explained. The successful issuance of the La Vie Re read the full article →

Investors supportive of first indemnity mortality cat bond: Willis Re Securities

Insurance-linked securities (ILS) and catastrophe bond investors were supportive of the first mortality bond to feature an indemnity trigger, according to Willis Re Securities who structured and placed the deal. The $100 million La Vie Re Limited (Series 2020-1) catastrophe bond was completed recently, becoming the first extreme mortality bond for read the full article →

Securian becomes first U.S. direct life insurer to sponsor a mortality cat bond

Securian Financial recognises the capital efficiencies gained from becoming the first U.S. direct writer of life insurance to tap into the capital markets for reinsurance protection using a mortality catastrophe bond, after its $100 million La Vie Re Limited (Series 2020-1)  transaction completed. The La Vie Re mortality catastrophe bond transaction read the full article →

Minnesota Life’s La Vie Re mortality cat bond priced in top-end of guidance

Life insurer and part of the Securian Financial Group, Minnesota Life Insurance Company is set to benefit from $100 million of capital markets backed reinsurance protection with its first mortality catastrophe bond, as the La Vie Re Limited (Series 2020-1)  transaction has now been priced towards the upper-end of guidance. With read the full article →

Minnesota Life mortality cat bond sees pricing narrow towards upper-end

Price guidance has narrowed towards the upper-end of the marketed range for the new La Vie Re Limited (Series 2020-1) mortality catastrophe bond transaction from life insurer and part of the Securian Financial Group, Minnesota Life Insurance Company. The targeted size of the reinsurance protection that Minnesota Life will benefit from read the full article →