White Rock issues $70 million parametric quake cat bond
Posted On: Sep. 18, 2019 7:27 AM CSTAon P.L.C.'s Bermuda-based White Rock Insurance (SAC) Ltd. has issued a $70-million parametric Japanese earthquake private catastrophe bond, Artemis reports. The Asagao transaction features a securitization of Japanese quake insurance risks, with the underlying reinsurance or retrocession transaction structured to utilize a parametric trigger.