The Artemis Catastrophe Bond and Insurance-linked Securities Deal Directory aims to provide a one-stop resource for information on every cat bond and ILS transaction we hold information on. The content of this Deal Directory is provided as is and there will be some omissions. Help us to keep these cat bond and ILS transaction summaries up to date by contacting us if you see an error or omission that you can correct.
Cascadia Ltd. - At a glance:
- Issuer / SPV: Cascadia Ltd.
- Cedent / Sponsor: FM Global
- Placement / structuring agent/s: Goldman Sachs served as lead manager
- Risk modelling / calculation agents etc: ?
- Risks / Perils covered: U.S. earthquake
- Size: $300m
- Trigger type: Parametric
- Ratings: S&P: 'BB+'
- Date of issue: Jun 2005
Cascadia Ltd. - Full details
Commercial and industrial property insurer FM Global has announced the private placement of a US$300 million catastrophe bond to protect against the consequences of unusual earthquake activity in the Pacific Northwest region of the United States and Canada.
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