The index used in the MetroCat Re Ltd catastrophe bond is elegant and simple: if a storm surge at the New York battery measures 8.5 feet, the Metropolitan Transit Authority (MTA) receives $200 million. Such simplicity requires a deep understanding of the associated risk. RMS partnered with the MTA to perform a detailed study of the assets at risk, how they behave during a storm surge event, where likely water ingress points are, and how the MTA’s rigorous storm surge defence strategies can mitigate this risk. The result was a bond dubbed "Deal of the Year."
22 tracks with 105 Sessions!
With the releases of Risk Modeler on the RMS(one)® platform and Version 17 in April, Exceedance offers more tracks and more sessions than ever. Bring your team!