Swiss Re secures $700mn in second multi-year stop-loss deal led by JP Morgan
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Swiss Re secures $700mn in second multi-year stop-loss deal led by JP Morgan

Liz Bury
07 March 2023
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Swiss Re has secured $700mn of protection against severe underwriting losses through a multi-year stop-loss transaction with funding led by JP Morgan, in the second such deal.

The transaction has been structured with the potential to increase to $1bn.

The financing builds on a first-of-its-kind hybrid bank and ILS capital deal by Swiss Re last April, which comprised a $1bn JP Morgan loan and a $150mn junior...

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Topics

News Collateralised reinsurance Swiss Re Catastrophe bonds ILS
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