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LONDON – February 10, 2022RMS®, a world leading risk modeling and solutions company, has conducted the risk analysis for NN Re, part of NN Group, an international financial services company, which will issue a new catastrophe bond through Orange Capital Re DAC. The bond Orange Capital Re DAC (Series 2021-1), transfers €75 million of Europe windstorm and Europe severe convective storm risk to the capital markets and is the first issuance by NN Re. The risk analysis was performed using the RMS Europe Windstorm Models and marks the first issuance to utilize the RMS Europe Severe Convective Storm HD Models. 

The RMS Europe Severe Convective Storm HD Models cover the full spectrum of sources of severe convective storm loss, from localized tornadoes and hailstorms to large derechos. While sometimes viewed as an attritional peril, severe convective storms can cause extensive losses and incomplete observational reporting mean that relying on historical experience to manage the risk is inadequate. The models employ innovative peer-reviewed technology to model the severe convective storm hazard risk in Europe, as well as an advanced engineering-based vulnerability, accounting for factors such as angle of hailstone impact or roof vs. building-facade vulnerability.

Jin Shah, Director at RMS, said: “We are proud to have worked with NN on this innovative and highly successful transaction. The strong support from investors demonstrates the market’s confidence in NN’s cat management and underwriting, as well as RMS EU climate risk modelling capabilities.” 

About NN Re

NN Re is the reinsurance and hedging company of NN Group.

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About RMS

Risk Management Solutions, Inc. (RMS) a Moody's Analytics company, shapes the world's view of risk for insurers, reinsurers, financial services organizations, and the public sector. We empower organizations to evaluate and manage global risk from natural and man-made catastrophes, including hurricanes, earthquakes, floods, climate change, cyber, and pandemics. RMS models underlie the nearly US$2 trillion Property & Casualty industry and many insurers, reinsurers, and brokers around the world rely on RMS model science.

RMS helped pioneer the catastrophe risk industry, and continues to lead in innovation by offering unmatched science, technology, and 300+ catastrophe risk models. Leaders across multiple industries can address the risks of tomorrow with the RMS Intelligent Risk Platform™, the only open cloud with collaborative applications and unified analytics that can power risk management excellence across organizations and industries. 

Further supporting the industry's transition to modern risk management, RMS spearheaded the Risk Data Open Standard (RDOS), a modern, open-standard data schema designed to be an extensible and flexible asset within modeling/analysis systems.

RMS is a trusted solutions partner, enabling effective risk management for better business decision-making across risk identification and selection, mitigation, underwriting, and portfolio management.

Visit RMS.com to learn more and follow us on LinkedIn and Twitter.

RMS is a subsidiary of Moody’s Corporation (NYSE: MCO) and operates as part of the Moody’s Analytics business segment. Moody’s Analytics is operationally and legally separate from the Moody’s Investors Service credit rating agency.

Media Contacts

Matthew Longbottom

PR Lead, EU and APAC
+44 20 7444 7706 prteam@rms.com

Haggie Partners

PR Lead, Americas
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