successor x

Over the last few weeks, secondary market pricing indications from catastrophe bond trading desks show that the hurricane Sandy threatened Successor X Ltd. (Series 2011-3) Class V-F4 cat bond notes are considered by investors to be increasingly less likely to face any losses from the superstorm.

The latest secondary market pricing indications from catastrophe bond trading desks show that the hurricane Sandy threatened Successor X Ltd. (Series 2011-3) Class V-F4 cat bond notes continue to be considered at risk by investors. Pricing indications are a good measure of investor sentiment and while the average price has risen slightly since the end of […]

The Successor X Ltd. catastrophe bond from Swiss Re has now completed and upsized yet again to $150m. Given that this transaction from Swiss Re started marketing at just $50m it’s testament to the strength of demand that this has tripled in size.

Swiss Re is preparing to bring a new one year catastrophe bond to market in the very near future. Successor X Ltd., expected to be a $50m deal although that could rise before it is issued, will replace and update the existing Successor cat bond program with new indices and collateral structure. This transaction will […]