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.
The cat bond was secured through Vega Capital Ltd., the second time the company has obtained a program through this special purpose vehicle.
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
Already have an account? Sign In Now
© 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.
