NU Online News Service, Dec.17, 11:32 a.m. EST
Zurich-based PERILS AG, the European catastrophe insurance data aggregator announced placement of two insurance risk transactions, one with Credit Suisse and another with unnamed parties.
The transactions, the first of their kind, are based on a PERILS industry loss index and relate to Industry Loss Warranty (ILW) reinsurance contracts which will provide protection against a major European windstorm event.
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