NU Online News Service, Dec.3, 1:34 p.m. EST

Swiss Re said it has obtained $150 million in catastrophe bond protection for North Atlantic hurricane, European windstorm and California earthquake events.

The Zurich-based firm said it has entered into a transaction with Successor X Ltd. ("Successor X") to receive up to $150 million for natural catastrophes with a focus on European windstorm exposure, hurricanes in the North Atlantic, and California earthquakes.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.