Cascadia II Ltd.
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Cascadia II Ltd. - At a glance:
- Issuer / SPV: Cascadia II Ltd.
- Cedent / Sponsor: FM Global
- Placement / structuring agent/s: ?
- Risk modelling / calculation agents etc: EQECAT
- Risks / Perils covered: U.S. earthquake
- Size: $300m
- Trigger type: Parametric
- Ratings: S&P: 'BB+'
- Date of issue: Aug 2006
Cascadia II Ltd. - Full details
This US$300 million catastrophe bond protects against the consequences of unusual earthquake activity in the Pacific Northwest region of the United States and Canada.
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