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Swiss Re Secures $106M Cat Bond

Swiss Re said it has secured $106.5 million in coverage for natural catastrophe events for a three-year period through a catastrophe bond program placement.

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NU Online News Service, Dec. 14, 3:52 p.m. EST

Swiss Re said it has secured $106.5 million in coverage for natural catastrophe events for a three-year period through a catastrophe bond program placement.

The Zurich, Switzerland-based reinsurance carrier said it obtained the coverage against North Atlantic hurricane, European windstorm, California earthquake, Japanese earthquake and Japanese typhoon.

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