Swiss Re in $150m multi-risk cat bond
Swiss Re has obtained $150m protection against North Atlantic hurricane, European windstorm, Californian earthquake, Japanese earthquake and Japanese typhoon through a natural catastrophe protection programme named Vega Capital Ltd (“Vega”).
Vega is the latest natural catastrophe securitisation to be sponsored by Swiss Re and the first natural catastrophe securitisation to use a cash reserve account to enhance protection to noteholders
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