Quake cover for reinsurance from Ace requires two bonds
Swiss Re plans a $100 million catastrophe bond to cover exposures ceded to it by property-casualty insurer Ace, Reuters reported.
The bond will be issued via special purpose vehicle Calabash Re, will be split into tranches of $86m and $14m.
Credit rating agency Standard & Poor's has assigned a BB- rating to the Class A notes, which are exposed to US hurricane and US earthquake risk, and a BB+ rating to the Class B notes, which are exposed only to US quake risk.
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The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
