NU Online News Service, March 29, 3:52 p.m. EDT

Swiss Re said it has arranged for an additional $120 million in catastrophe bond protection using windstorm loss estimates from the new PERILS European data aggregator.

Coverage, the firm said, is for North Atlantic hurricane, European windstorm, California earthquake and Japan earthquake losses and is the first cat bond transaction issued using a windstorm index based on PERILS industry data.

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