Zurich-based reinsurer Swiss Re says its subsidiary Swiss Re Capital Markets hasplaced a $200 million insurance-linked security with the capitalmarkets that has the unique feature of covering the reinsuranceexposures of two carriers.
The multiperil catastrophe-risk vehicle named Combine Reincorporates the risk of reinsured parties Country Mutual InsuranceCo. of Bloomington, Ill., and North Carolina Farm Bureau MutualInsurance Co. Inc. of Raleigh, N.C.
The bonds cover damage from severe weather includingthunderstorms, hurricanes, earthquakes and winter storms in theUnited States.
Continue Reading for Free
Register and gain access to:
- 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
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
