NU Online News Service, July 12, 11:05 a.m. EDT
Nearly $100 million in Massachusetts's hurricane risk has been transferred to the capital markets thanks to a catastrophe bond issuance provided by Munich Re.
"The capital markets constitute a good complementary risk carrier for specialized peak risk like Massachusetts hurricane," said Tony Kuczinski, president and chief executive officer of Munich Reinsurance America Inc., in a statement.
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