Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

19 May 2012

ILWs first to use PERILS trigger

18 January 2010

The newly launched PERILS European windstorm industry loss index has been chosen as the trigger on two industry loss warranty (ILW) contracts.

Credit Suisse Asset Management (CSAM) acts as protection provider to one contract, purchased by Munich Re, with another arranged by Willis Re with unnamed counterparties, according to PERILS.

Swiss-based PERILS - which launched its windstorm index a month ahead of schedule in December - will provide an independent source of data to determine the property market loss arising...

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