NU Online News Service, Dec.17, 11:32 a.m.EST
Zurich-based PERILS AG, the European catastrophe insurance dataaggregator 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 PERILSindustry loss index and relate to Industry Loss Warranty (ILW)reinsurance contracts which will provide protection against a majorEuropean windstorm event.
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