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

24 March 2018

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South American cat bond prices at $1.36bn

2 February 2018

The World Bank's South American cat bond has priced just below the upper end of a revised target range at $1.36bn, according to Trading Risk sources.

Yesterday, the limit was expanded from an initial target of $1bn to a new range of $1.30bn to $1.39bn.

The multi-national cat bond is formed of five tranches and will cover earthquakes in Chile, Colombia, Mexico and Peru, all using parametric per occurrence triggers.

It is being issued through the capital-at-risk programme of the...

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