Munich Re and Tokio Marine in catastrophe swap deal


Munich Re and Tokio Marine Nichido Fire have closed a private catastrophe swap deal based on the Risk Management Solutions (RMS) Paradex-Europe Windstorm industry loss index. This transaction brings the total notional amount of risk transferred using Paradex to in excess of $250m.

Having indices of losses available (via third-party sources) which can be utilised in such a way allows for greater objectivity when it comes to settlement of transactions, third-party data providers such as RMS are providing an important service to the risk transfer market which will allow for the market to develop liquidity.

Read the full press release from RMS here.

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