Eurus Ltd.

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Eurus Ltd. - At a glance:

  • Issuer / SPV: Eurus Ltd.
  • Cedent / Sponsor: Hannover Re
  • Placement / structuring agent/s: ?
  • Risk modelling / calculation agents etc: EQECAT
  • Risks / Perils covered: European windstorm
  • Size: $150m
  • Trigger type: Parametric index
  • Ratings: S&P: 'BB'
  • Date of issue: Jul 2006
  • Artemis.bm news coverage: Articles discussing Eurus Ltd. from Artemis.bm

Eurus Ltd. - Full details

Eurus gives Hannover Re windstorm protection for a term of approximately three years, covering seven European countries (Belgium, Denmark, France, Germany, Ireland, Netherlands and the United Kingdom).

Hannover Re noted that this marks the first time it has used a traditional catastrophe bond which was transferable in the secondary markets in its array of risk management tools. The bond has a parametric trigger index structure.




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