redwood capital xi

Swiss Re have just announced the completion of the Redwood Capital XI Ltd. California earthquake risk cat bond which was featured on Artemis early in December. No further details have emerged on the transaction structure itself (we have more in our Deal Directory) but this announcement does officially take 2009’s market issuance to around $3.5B. […]

Swiss Re is preparing another catastrophe bond for launch hot on the heels of the successful issuance of Successor X Ltd. The latest cat bond to be marketed by long time market participant Swiss Re is a new deal in its Redwood series providing it with cover against California earthquakes.