Swiss Re has now secured $210 million in North American earthquake and named storm retrocessional reinsurance protection from capital market investors through its new Matterhorn Re Ltd. (Series 2025-1) catastrophe bond, while both tranches of notes have priced at the bottom of reduced guidance, Artemis has learned.
Swiss Re returned to the cat bond market with what is set to be the twelfth takedown under its Matterhorn Re catastrophe bond program earlier in January.
Initially, Swiss Re’s target was to secure at least $150 million in retrocessional reinsurance protection from cat bond investors.
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