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.

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