Insurance Post

More than $3.5bn Perils-based limits at risk

Luzi Hitz

Perils AG has hailed the success of its industry loss index service, with the firm’s head of products describing it as “the industry loss trigger of choice” for transferring European storm risk to reinsurers and capital markets.

Total limits at risk using Perils industry loss data, exceeded $3.5bn at 1 September 2012, according to the independent Zurich based organisation.

Of the $3.5bn at-risk capacity, S1.96bn (56%) is in

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