Operational Re II Ltd

We are now able to confirm that investment bank Credit Suisse is the ultimate beneficiary of the collateralised coverage offered by the recently completed CHF 146 million Operational Re II Ltd. insurance-linked securities (ILS) or catastrophe bond like arrangement that transfers operational risk exposure to the capital markets.

A new operational risk catastrophe bond, Operational Re II Ltd., an insurance-linked securities (ILS) or cat bond like arrangement transferring operational risk exposure to the capital markets, has been successfully completed at a size of CHF 146 million (approx US $148m).