trending Market Intelligence /marketintelligence/en/news-insights/trending/Ck5VjXq2Nv71HuJgMeBy7w2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: Size of Swiss Re-sponsored cat bond expands to $350M

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report

Fintech

Fintech Funding Flows To Insurtech In February

Lemonade Growing Premiums Faster Than Esurance's Homeowners Business Did


Report: Size of Swiss Re-sponsored cat bond expands to $350M

The Swiss Re AG-sponsored Matterhorn Re Ltd. (Series 2020-1) catastrophe bond has doubled in size to a $350 million issuance, Artemis reported.

The class A tranche of notes expanded to $175 million from $100 million at launch. The coupon pricing was put at 5.25%, below the bottom end of the initial guidance of 5.5% to 6%. These notes provide retrocession for named storm losses across most of the U.S. coastline from Texas to Maine, according to the report.

The class B tranche of notes grew to $175 million from an initial target of $75 million, with pricing fixed at 7.5%. The coupon price guidance was 8% to 8.75%. Swiss Re will get coverage for named storm losses from Virginia to Maine in the U.S. Northeast from this tranche.

The retrocession will trigger on a weighted industry loss and per-occurrence basis. The coverage period is across two full wind seasons.

Swiss Re Capital Markets is the sole structuring agent and book runner for the issuance.