WebThe very first humanitarian catastrophe bond covering pure volcanic eruption was completed using a Guernsey ILS structure and listed on TISE. The USD3 million privately placed issuance is sponsored by the Danish Red Cross and was brought to market by Replexus and Howden Capital Markets. WebMar 22, 2024 · 22nd March 2024 - Author: Matt Sheehan. Partners from across the private and humanitarian have launched the world’s first catastrophe bond for volcano-related …
Mount Merapi eruption may activate Danish Red Cross cat bond
WebThe world’s first cat bond for volcanic eruptions has been launched on behalf of the Danish Red Cross to boost humanitarian relief. Experts say the bond will act as springboard for further product development. The new bond covers ten volcanoes across three continents and aims to raise up to $3m from investors to deliver aid after an eruption. WebMar 22, 2024 · The bond will improve the provision and efficiency of humanitarian relief in the event of a volcanic eruption. The CAT bond covers 10 volcanoes across three … paolo zucca
World’s first catastrophe bond for volcanic eruptions to …
WebJul 6, 2024 · The new post of a volcano cat bond analyst reflects this optimism. Issued using Guernsey-domiciled Dunant Re IC Limited (named after Red Cross founder Henry Dunant), the innovative volcano cat bond … WebMar 30, 2024 · World's first volcano CAT bond launched The bond, which covers 10 active volcanoes on three continents, was launched on behalf of the Danish Red Cross to raise disaster relief. By Steve... WebMay 24, 2024 · It has been just over two months since Danish Red Cross placed its Volcano Catastrophe Bond. paolo zuppi endocrinologo