Appleby Bermuda acted as counsel to Matterhorn Re Ltd. on its fourth catastrophe bond transaction under the sponsorship of Swiss Re
Matterhorn Re Ltd., registered as a Special Purpose Insurer in Bermuda, via a segregated account, is back with its fourth catastrophe bond transaction in less than one year, under the sponsorship of Swiss Re.
The Matterhorn Series 2020-3 notes will provide Swiss Re with collateralised retrocession cover against US named storm losses, on an industry loss trigger and per-occurrence basis.
Appleby Global Services (AGS), Appleby’s specialist trust and corporate services provider, is acting in the capacity of corporate secretary and listing sponsor to Matterhorn Re.
The deal is fourth in the series of catastrophe bond issuances and indicates recognition of the effectiveness of accessing the capital markets for retrocessional cover. Appleby advised Matterhorn Re Ltd. on all four matters.
