(Photo: Shutterstock) (Photo: Shutterstock)

Swiss Re Capital Markets announced Monday it closed a $225 million parametric catastrophe bond for Bayview's MSR Opportunity Fund (Bayview). The first-of-its-kind bond is designed to cover mortgage default risk caused by earthquakes in California, Oregon, Washington, and South Carolina.

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Danielle Ling

Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].