Newark, Calif. --Risk Management Solutions (RMS), the world's leading provider of products and services for the management of catastrophe risk, performed the risk analysis for the Pylon Ltd securitization covering damage from windstorm for a major European electricity supplier. The innovative securitization is the first for a European corporate and the first such deal worldwide to cover transmission and distribution (T&D) risk.
Utility companies across the globe have exposure to windstorm catastrophe loss through damage to T&D networks and property. In December 1999, damages from Windstorms Lothar and Martin in France caused substantial damage to the electricity supply network, affecting more than three million customers in France. Similarly the storm in October 1987 caused substantial damage to the T&D networks in the U.K.and France.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access