Risk Management Solutions (RMS) announced that, based on its loss modeling analyses, it does not expect Windstorms Lothar and Martin to be termination events to the catastrophe bond issued by Halyard Re SPV on behalf of Sorema SA (Paris). The storms affected western Europe between Dec. 26-28, 1999. The
$17-million bond, issued on April 1, 1999, is a retrocessional structure based on losses to a designated set of contracts within the Sorema portfolio in both Japan and Europe, and has an attachment point around 80 million Euros.
Topics Catastrophe
Was this article valuable?
Here are more articles you may enjoy.
Study: AI May Be Tempering Insurer Hiring 
Greek Oil Tanker Exits Hormuz Shipping Strait With Signal Off 
Prices for New Cars Have Soared. Here’s One Big Reason Why 
US Offers $20 Billion Reinsurance Plan to Spur Gulf Oil Flow 
