.png){kind=logo}
GC Asia
Shaken but not deterred: Lat Am quake cover drives largest World Bank cat bond
The World Bank has priced $1.36bn of catastrophe bonds to provide earthquake protection to Mexico, Chile, Colombia and Peru, despite bondholders losing their principal on Mexico’s last cat bond after a quake in September.
Given that the only larger cat bond — a $1.5bn Everglades Re deal for Florida hurricane protection issued in 2014 — covered a different risk in a different country, this deal represents a new milestone for catastrophe risk transfer.
It is by far the largest cat bond ever ...Already a subscriber? Login
-
Latest news from SSA
-
Land NRW EUR1.5bn 0.2% Jan 51
22 Jan 2021 -
EBRD USD2bn 0.5% Jan 26
22 Jan 2021 -
JBIC to return to sterling market after long absence
22 Jan 2021 -
Investors put ECB commitment to the test
21 Jan 2021 -
UK GBP6.5bn 0.875% Jan 46
21 Jan 2021
-
-
Latest news from SSA
-
Land NRW EUR1.5bn 0.2% Jan 51
22 Jan 2021 -
EBRD USD2bn 0.5% Jan 26
22 Jan 2021 -
JBIC to return to sterling market after long absence
22 Jan 2021 -
Investors put ECB commitment to the test
21 Jan 2021 -
UK GBP6.5bn 0.875% Jan 46
21 Jan 2021
-
