Insider Week
Swiss Re doubles size of two cat bonds to $195mn
ILS pioneer Swiss Re has increased the size of its Vita IV extreme mortality cat bond to $75mn and its Successor X US wind and quake transaction up to $120mn, due to investor demand.
The firm has increased the target for Successor X – its one-year US wind and quake cat bond – up to $120mn from its original size of just $50mn, our sister publication Trading Risk understands.
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