Sanders Re III Ltd. Series 2024-1

Trigger Structure

{
  "type": "parametric_wind",
  "description": "Named storm with maximum sustained winds at or above threshold within defined US coastal corridor",
  "measurement": {
    "metric": "max_sustained_wind_kt",
    "geography": "US Atlantic and Gulf coastline (TX to ME)",
    "data_source": "NOAA National Hurricane Center best track",
    "radius_from_coast_km": 200
  },
  "payout_schedule": [
    {
      "category": "CAT 2+",
      "payout_pct": 25,
      "wind_speed_kt": 83
    },
    {
      "category": "CAT 3+",
      "payout_pct": 50,
      "wind_speed_kt": 96
    },
    {
      "category": "CAT 4+",
      "payout_pct": 100,
      "wind_speed_kt": 113
    }
  ],
  "qualifying_conditions": [
    "Storm center must pass within 200km of US coastline",
    "Wind measurement per NHC best track at closest approach"
  ]
}