The completion of two recent catastrophe bond deals shows issuance prospects for the market are promising in 2010, says Markus Schmutz, head of insurance-linked securities structuring and origination at Swiss Re in New York.
Schmutz was speaking after closing a deal to protect Swiss Re against insurance losses incurred due to earthquakes in California, which was announced on January 5. The transaction involved a $150 million cat bond placement as part of the reinsurer’s Redwood programme. Since
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