Swiss Re launches inaugural trend risk securitisation
Swiss Re launches inaugural trend risk securitisation
The $50 million (£32 million) longevity trend bond issue by Zurich-based Swiss Re at the end of December through Kortis Capital, an insurance-linked securities financed company in the Cayman Islands, could herald a post-crisis revival of short-term indexed-based securitisations.
The bond will be indexed against a trend in data for two population clusters - males aged 75-85 in England & Wales and males aged 55-65 in the US. This represents Swiss Re's longevity exposure from its UK longevity swaps
More on Insurance
7 days in 60 seconds
CCPs, handling default, and cyber risk
The week on Risk.net, September 15–21, 2018
Receive this by email
Back to Top