World Bank Chile cat bond becomes first to list on Hong Kong Exchange
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World Bank Chile cat bond becomes first to list on Hong Kong Exchange

Liz Bury
28 March 2023
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The World Bank's Chile quake catastrophe bond has become the first ILS to list on the Hong Kong Exchange (HKEX), as the domicile set out its aspiration to be a leading global centre for insurance risk transfer.

The issuance has raised $350mn of earthquake cover for Chile, triggering on a parametric, per-occurrence basis.

The Hong Kong government and Insurance Agency welcomed the listing of the bond on HKEX as part of the "Dual Circulation" strategy in which...

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