RMS Performs Analysis for European Windstorm Catastrophe Bond

Newark, CA – November 14, 2007 – Risk Management Solutions, the world’s leading provider of products and services for catastrophe risk management, has performed the risk analysis for a parametric securitization of windstorms in seven European countries. Issued through Blue Fin Ltd, a Cayman Islands special purpose vehicle (SVP), the bond provides cover of 200 million euros over five years for Allianz SE.

The risk of windstorms in Austria, Belgium, France, Germany, Ireland, the Netherlands, and the U.K. is transferred to investors via the bond, which uses a parametric index trigger based on wind speeds at various locations.

“Parametric deals are simpler and more transparent for investors than other types of triggers, such as indemnity deals,” commented Peter Nakada, managing director of RMS Consulting. “They help to broaden the universe of investors for catastrophe bonds, and therefore diversify the risk.”

The deal, which was the largest placement of European windstorm risk in the insurance-linked securities market, attracted investors from Europe, North America, Asia, and Australia.