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An insurance-linked securities investor has entered into a first-of-its-kind risk transfer contract structured using a debt instruments to take on risks associated with nuclear incidents, across a number of plant locations, Artemis.bm reports citing sources. A payout would become due only if the liability arising from a nuclear event is above a pre-defined trigger point, just like in a catastrophe bond. The ILS transaction also protects the nuclear power company against terror attacks, accidents, explosions and other potential impacts.