Red Cross volcano bond attracts UK state

Jasper Cox

July 11, 2019 01:00 pm

volcano_alamy_230x150 — CB9BNK Long Exposure Of Tungurahua Volcano Exploding In The Night Of 29 11 2011 Ecuador Shot With Canon Eos Mark Iv Converted From Raw Large Amount Of Noise | Alamy Stock Photo

The Natural Disaster Fund, backed by the UK government, has a first option to subscribe to a small catastrophe bond to be issued by the Danish Red Cross, which conveys volcano risk.

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Jasper Cox