Guernsey Insurance Association awards Red Cross bond ESG accreditation
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Guernsey Insurance Association awards Red Cross bond ESG accreditation

Long exposure, Tungurahua volcano with blue skyes

The Guernsey International Insurance Association (GIIA) has awarded its first ESG accreditation for an insurance entity to the Red Cross-sponsored Dunant Re IC deal, the first humanitarian cat bond in the history of the ILS market.

The deal raised $3mn of reinsurance limit through specialist cat bond investors, to cover the risk of 10 volcanic eruptions through the bond.

Dunant

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