Peru earthquake triggers $60mn World Bank cat bond pay outLast month’s earthquake in Peru has triggered a 30 percent pay out on a $200mn catastrophe bond that was part of the World Bank’s large $1.36bn Pacific Alliance placement, sources have confirmed.
Aon places mammoth $1.36bn World Bank earthquake cat coverAon Securities has put together a $1.36bn catastrophe bond for the World Bank which gives the institution cover for earthquake risks in Chile, Mexico, Colombia and Peru.