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RMS Expands Mortality-Linked Catastrophe Bond

Risk Management Solutions (RMS) announces that it has conducted the expert risk analysis for Swiss Res sixth issuance of the mortality-linked catastrophe bond, VITA V. The transaction has increased significantly from its initial target of $100 million up to $275 million in only two weeks.

By Staff Writer | Updated on August 01, 2012
(AP Photo/Ed Andrieski)

Risk Management Solutions (RMS) announces that it has conducted the expert risk analysis for Swiss Re’s sixth issuance of the mortality-linked catastrophe bond, VITA V. The transaction has increased significantly from its initial target of $100 million up to $275 million in only two weeks.

Vita V Series 2012-1 provides Swiss Re Ltd with multi-year extreme mortality protection through the capital markets, with two tranches: one covering catastrophic increases in death rates in Canada and Australia; and the other covering Canada, Australia, and the U.S.

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