Swiss reinsurer Converium has issued the Helix catastrophe bond, five year $100 million floating rate notes to protect the company against second and subsequent exposures to European windstorm, US ear

Aon Capital Markets underwrote the transaction and placed the notes and AIR Worldwide Corporation (AIR) performed the supporting risk modelling and analysis. using its european extratropical cyclone model. The notes, which mature in five years, were priced at the London Interbank Offered Rate (LIBOR) plus 540 basis points.