Cascadia Ltd.

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.




Go back to the Catastrophe Bond Deal Directory

The Artemis Catastrophe Bond & Insurance-Linked Securities Deal Directory is copyright © Steve Evans Ltd. Reproduction or publication without permission is not permitted. Use of this information within a commercial product, or for profit, without a license is strictly prohibited. Contact us if you would like to use this content or to discuss licensing.














Jardine Lloyd Thompson Capital Markets