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The bond is being issued through the company's third-party capital vehicle Sussex. -
The deal would take Swiss Re retro cat bond cover issued this year to $1.2bn.
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Books are scheduled to close on Monday, with final pricing being decided on Tuesday.
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Retro deals make up a third of this year's volumes, versus a quarter in 2019.
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The firm said it planned to focus on new vehicles that would increase permanency of third-party capital.
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The carrier plans to raise A$750mn in new equity capital to help shore up its balance sheet, and has further eroded its aggregate reinsurance.
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The carrier’s annual catastrophe losses ticked up to $2.9bn in October.
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The carrier has returned to the bond market after a 2017 Northshore Re deal lapsed in June.
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He will assist with building up a UK investor base for the firm.
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The multi-peril notes offer a 12% coupon in the latest issuance of an active quarter.
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Pricing on the deal has settled at the low end of the insurer's target range.
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Pricing on the issuance has narrowed towards the lower end of the initial range.
