vita capital iv

Global reinsurance firm Swiss Re is continuing its habit of redeeming mortality catastrophe bond notes the reinsurer had issued through its Vita Capital IV Ltd. vehicle, with two more tranches redeemed recently.

Reinsurer Swiss Re is to utilise an early redemption clause on two more tranches of mortality catastrophe bond notes issued through Vita Capital IV Ltd. This will take the number of tranches redeemed to four out of the six issued under this mortality cat bond program.

Back in December we wrote that reinsurer Swiss Re had planned to redeem two tranches of mortality catastrophe bond notes issued through its Vita Capital IV Ltd. vehicle. It turns out we’d jumped the gun on one of those and according to a clarification published by rating agency S&P the $75m Series I Class E […]

Reinsurer Swiss Re has chosen to utilise an early redemption clause to redeem two tranches of mortality catastrophe bond notes issued through its Vita Capital IV Ltd. vehicle. The first tranche is the $75m Vita Capital IV Series 1 notes which were issued in November 2009, the second tranche is the $50m Series II issuance […]

Risk Management Solutions (RMS) have issued a press release regarding their involvement in the recently completed Vita Capital IV Ltd. mortality risk catastrophe bond issued on behalf of Swiss Re. It contains a little more detail on the risk modelling tools used to get the transaction to market which we thought would interest our readers. […]

Swiss Re have now published a press release on the completion of their latest catastrophe bond transaction so we felt it worth publishing some of their comments on the transaction. The latest Vital Capital IV Ltd. issuance closed earlier this week, as we wrote here, and secured them $180m of cover for mortality events such […]

Swiss Re have successfully closed the latest in their Vita series of mortality catastrophe bond deals and the two tranches have received their official ratings today. The transaction, which has been issued by their Vita Capital IV Ltd. Cayman Islands domiciled SPV, began marketing in mid-July seeking to secure $100m of cover under the mortality catastrophe […]

The catastrophe bond and insurance-linked security investment community will be delighted that they have some new opportunities to put their funds to work in transactions offering diversification opportunities today. First, Munich Re began marketing their Queen Street III Capital European windstorm catastrophe bond today and now Swiss Re are returning to the market with two […]

Swiss Re’s Vita Capital IV Ltd. mortality risk insurance-linked securities have had their rating downgraded by Standard & Poor’s due to the perceived heightened exposure that tsunami’s present to the transaction. Vita Capital IV Ltd’s Series III is an insurance-linked securitization which is exposed to increases in mortality in the U.S. and Japan over a […]

The Series III notes of Swiss Re’s Vita Capital VI Ltd. mortality insurance-linked security transaction which was issued in October 2010 have been placed on CreditWatch negative by Standard & Poor’s as they have exposure to increased mortality levels in Japan.