Details of the $200m transaction
A $200m cat bond was closed for Platinum Underwriters by Goldman Sachs. As previously reported, the transaction is the first cat bond to use RMS' new parametric index.
Details of the transaction are as follows:
Sponsor: Platinum Underwriters
Lead Manager: Goldman Sachs
Peril: Europe Windstorm
Term: 3 years
Modelling Firm: RMS