Swi̇ss Re Has Successfully Concluded İts Second Alternati̇ve Capi̇tal Transacti̇on Wi̇th J.p. Morgan
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7 June 2023, Wednesday
Swiss Re has successfully concluded its second alternative capital transaction with J.P. Morgan
Swiss Re and J.P. Morgan have joined forces to secure USD 700 million in protection for severe underwriting losses. This alternative capital transaction allows Swiss Re to pursue growth opportunities in the reinsurance market.
Swiss Re has successfully concluded its second alternative capital transaction with J.P. Morgan

The multi-year stop-loss deal extends underwriting protection to the Swiss Re Group for the financial years 2023–2027. By collaborating with J.P. Morgan, Swiss Re gains cost-efficient capital that can be deployed in the current market environment. The transaction is structured with the potential to increase to USD 1 billion and is fully collateralized, with the proceeds held in notes issued by the European Bank for Reconstruction and Development. This strategic partnership enables Swiss Re to manage its capital effectively, reduce its cost of equity, and enhance risk diversification.

 

Swiss Re Group, a global leader in reinsurance, insurance, and risk transfer solutions, is dedicated to building resilience in a rapidly changing world. From mitigating the impacts of natural disasters to addressing the challenges of climate change, aging populations, and cybercrime, Swiss Re anticipates and manages risks. The group's mission is to empower society, foster progress, and unlock new possibilities by delivering innovative solutions for its clients. Established in 1863 and headquartered in Zurich, Switzerland, Swiss Re operates through a widespread network of approximately 80 offices worldwide.