Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

24 March 2018

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Pandemic cat bond on watch after Lassa fever outbreak

12 March 2018

ILS investors are closely monitoring the World Bank's pandemic cat bond, as a partial payment could be triggered if a major outbreak of Lassa fever widens in Nigeria, sources told Trading Risk.

The $95mn class B layer of the World Bank's $320mn pandemic bond provides insurance cover for a broad range of viruses, including Lassa fever, on a parametric, per occurrence basis.

The parametric trigger uses a stepped payout structure, meaning there would be a 15 percent loss if there...

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