World Bank South American bond will not renew after $1.4bn deal lapsed
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

World Bank South American bond will not renew after $1.4bn deal lapsed

Kit Heren
10 March 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn

The World Bank will not renew its $1.36bn Capital at Risk cat bond protecting South American countries against natural disasters, the last tranches of which came off risk last month, industry sources have said.

The multi-national South American cat bond, which the International Bank for Reconstruction and Development (IBRD) launched in 2018, had five tranches, covering earthquakes in Chile, Colombia, Mexico and Peru, all using parametric per occurrence triggers.

The

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsCatastrophe bonds
KH
Kit Heren
Gift this article