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News - Reweb - Swiss Re sponsors coverage for insurance-linked security.

Europe Intelligence Wire

| February 01, 2004 | COPYRIGHT 2004 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Reinsurance)

Swiss Re has sponsored $400m of coverage for its first insurance-linked security relating to life insurance risk. The company has linked up with Vita Capital to provide $400m of payments to Swiss Re in certain extreme mortality risk scenarios. To fund any potential payments, Vita Capital has issued the same amount in principal at-risk variable rate notes. The coverage is based on a combined ...

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