News Reinsurance29 Mar 2023

Hong Kong clinches its first World Bank cat bond

| 29 Mar 2023

The World Bank has listed a $350m catastrophe bond on Hong Kong Exchanges and Clearing (HKEX) which provides the Government of Chile with financial protection against severe earthquake events for the next three years. This is the first World Bank bond and the first cat bond ever listed on the Hong Kong exchange.

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