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”.

International

Typhoon damage triggers over $52 million cat bond payout

January 27, 2022 Reprints

Typhoon Rai, which made landfall in the Philippines in December 2021, triggered a wind-related parametric payout of $52.5 million for the country under the country’s World Bank-issued $225 million catastrophe bond, Artemis reported. The cat bond has two tranche of notes, with the Class B tranche of notes offering a $150 million tropical cyclone disaster insurance protection on a modeled loss trigger basis.

1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
2. Zurich Insurance to stop underwriting new oil and gas projects
3. Bermudan, European reinsurers to suffer major hit from bridge collapse
4. Tycoon gets death sentence for multi-billion-dollar fraud
5. Inflation drives 10% increase in sum insured for windstorms
6. Apple loses bid to throw out $977M lawsuit over app store fees

Help

Typhoon damage triggers over $52 million cat bond payout

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources