jin-shah-director-rms
11 February 2022Insurance

NN Re picks RMS for risk analysis of first catastrophe bond

NN Re, the reinsurance and hedging business of Dutch insurer  NN Group, has picked risk modelling firm  RMS to conduct the risk analysis for its first catastrophe bond issuance 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 Severe Convective Storm HD Models that cover the full spectrum of sources of severe convective storm loss, from localised tornadoes and hailstorms to large derechos.

Jin Shah (pictured), 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.”

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