World Bank's cat bond to pay $60 million to Peru
Posted On: Jun. 24, 2019 6:06 AM CST
The World Bank Group's catastrophe bond will make a partial $60-million payout to Peru after an 8.0-magnitude earthquake struck the country on May 26, Artemis.bm reports. The $200-million cat bond is part of the World Bank's Pacific Alliance bonds covering quake risks in Mexico, Chile, Colombia and Peru.