CapLaw-2013-33

On 7 October 2013, Swiss Reinsurance Company Ltd successfully closed its issuance of CHF 175 million 7.50% Subordinated Contingent Write-off Securities with a scheduled maturity in 2045 (the Notes). The Notes provide for a dual contingent writeoff mechanism which is triggered (i) in case the required minimum solvency margin falls below 135% and (ii) in…