Swiss fund issues $20mn cat bond ‘lite’
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Swiss fund issues $20mn cat bond ‘lite’

31 August 2010
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Leading insurance-linked securities (ILS) investor Clariden Leu last week unveiled a $20mn a "cat bond lite" transaction that saw it transform an industry loss warranty (ILW) contract into tradable cat bond notes.

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News ILS August 2010/5
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