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Vega Capital 2010-1 cat bond upgraded despite Sandy loss reserve payment

Swiss Re's Vega Capital Ltd. Series 2010-1 catastrophe bond transaction, which was issued on behalf of the sponsoring reinsurer in December 2010, has had its Class C notes ratings upgraded again by Moody's on a further improved outlook thanks to a growing reserve account. This is despite the reserve account read the full article →

Vega Capital 2010-1 reserve account increases, Sandy the only potential negative

The Vega Capital Ltd. Series 2010-1 catastrophe bond transaction which was issued on behalf of sponsoring reinsurer Swiss Re in December 2010 has again been said to have an increasingly positive outlook by ratings agency Moody's. Back in February Moody's upgraded the single tranche of Class C notes issued by read the full article →

Vega Capital 2010-1 cat bond upgraded by Moody’s on improving outlook

Swiss Re's 2010 catastrophe bond deal Vega Capital Ltd. Series 2010-1 has had its rating upgraded by Moody's after the deal got through its first year without any qualifying catastrophe events impacting it. This Vega Capital cat bond provides Swiss Re with cover against multi-peril losses that may result from read the full article →

No principal loss to Vega Capital Ltd. 2010-1 catastrophe bond after Japan earthquakes

The Vega Capital Ltd. 2010-1 Class C notes were one of the last tranches of catastrophe bonds which were still considered at risk due to the 11th March earthquake in Japan. Ratings agency Moody's had placed the $63.9m of cat bond notes issued by Vega Capital in December 2010 on read the full article →

Vega Capital Ltd. 2010-1 Class C notes placed on review by Moody’s, potentially triggered

Rating agency Moody's has placed the Class C catastrophe bond notes of Vega Capital Ltd. 2010-1 on review for possible downgrade due to the earthquake event in Japan on the 11th March. The $63.9m of cat bond notes issued by Vega Capital in December 2010 provide Swiss Re with cover read the full article →

Vega Capital cat bond has ratings raised on lack of trigger events

Swiss Re issued a three year multi-peril catastrophe bond in 2008 called Vega Capital Ltd. (you can read all about Vega Capital in our catastrophe bond Deal Directory). The $150m transaction was designed to provide Swiss Re with cover for U.S. hurricane, California earthquake, European windstorm, Japanese typhoon and Japanese read the full article →