RMS Performs Analysis for French Windstorm Risk Securitization

€200 Million Series Issued for Coverage of French Windstorm Losses

Newark, CA – January 11, 2008 – Risk Management Solutions, the world’s leading provider of products and services for catastrophe risk management, has performed the analysis for a securitization of windstorm risk in France. The securities were issued through Green Valley Ltd., a special purpose vehicle (SPV), and provide €200 million of collateralized cover over three years for Swiss Reinsurance Company on behalf of Groupama S.A., as part of a program structured and placed by Swiss Re Capital Markets.

The program is triggered by a parametric index designed by RMS that is based on recorded wind speeds at various locations. “This deal illustrates how the RMS parametric solution has been tailored to cover a unique portfolio with significant agricultural exposure to windstorm risk,” commented Fathia Grandjean, director at RMS.

“Investors and sponsors continue to show interest in transparent, straightforward parametric risk-transfer solutions,” commented Peter Nakada, managing director of RMS Consulting. “We look forward to bringing more new and exciting solutions like this to the market this year.”

The deal is the largest ever placement of French windstorm risk of its kind offered in the insurance-linked securities market.