10 March 2010
Published in: Cat risk - ILS
S&P rates Successor X bond using PERILS index
Standard and Poor's Rating Services has used European industry loss index PERILS as the trigger in a catastrophe bond for the first time, the rating agency said in a presale report.
For full story, go to: http://communities.thomsonreuters.com/ILS/502361
See also: IERM, Catastrophe/weather, 17 December 2009, "First PERILS-based deals launched."