Successor X Ltd. Series 2011-3

Swiss Re’s latest catastrophe bond transaction under their Successor X Ltd. Cayman Islands special purpose vehicle has closed successfully at an upsized $130m. The Series 2011-3 Successor X deal began marketing a few weeks ago, with two tranches of notes, only one of which was being rated. This is the fifth time Swiss Re has […]

Swiss Re are issuing another catastrophe bond under their Successor X Ltd. principal-at-risk variable-rate note program. Successor X Ltd. is a Cayman Islands domiciled special purpose vehicle. This will be the fifth issuance under the programme and this time they are issuing two tranches of notes, although we only have details on one of them […]