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25 February 2018

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Latin America to gain $1.36bn cat bond protection

Lucy Jones 5 February 2018

Several Latin American countries are set to benefit from $1.36bn of combined earthquake reinsurance from a new cat bond, sister publication Trading Risk reported.

The bond is the second-largest cat bond ever behind Everglades Re's $1.5bn issue in 2014

The security is being issued through a shelf issuance programme operated by the World Bank's International Bank for Reconstruction and Development (IBRD).

The multi-national cat bond is formed of five tranches and will cover earthquakes in Chile, Colombia, Mexico and Peru...

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This article was published as part of issue February 2018/1

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