World Bank issues record $1.4bn catastrophe bond

by | February 7, 2018 5:18 pm

The World Bank has issued its biggest ever catastrophe bond, providing earthquake cover to Peru, Mexico, Chile and Colombia. The $1.4bn bond is the biggest transfer of natural catastrophe risk from sovereigns to the financial markets, according to the World Bank. Catastrophe bonds (or cat bonds) are an increasingly popular way for governments to pass…

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