Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

ILS transactions could be exposed to Mexico quake, World Bank-backed cat bond likely to be triggered

Reprints

Swiss insurance-linked securities investment manager Twelve Capital A.G. said that private ILS transactions such as collateralized reinsurance arrangements could suffer losses due to exposure to the 8.1-magnitude earthquake that struck Mexico on Sep. 8, Artemis.bm reports. The quake is also likely to trigger The World Bank Group-backed catastrophe bond with a payout of anywhere between 50% to 100%. Joaquim Levy, chief financial officer of the World Bank, said that the bank believes the cat bond could be at least partially triggered.

Read more.