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Pacific Alliance, World Bank explore cat bonds

Posted On: May. 17, 2019 5:18 AM CST

Hawaii flood after hurricane

The Pacific Alliance trade bloc nations are working with the World Bank Group to identify potential solutions to help them transfer natural disaster risks, including identifying whether catastrophe bonds would be suitable. Artemis reports. The trade bloc currently has a catastrophe bond-backed earthquake insurance protection of $1.36 billion.

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