Guernsey Insurance Association awards Red Cross bond ESG accreditation
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Guernsey Insurance Association awards Red Cross bond ESG accreditation

Alex Frampton
23 September 2021
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Long exposure, Tungurahua volcano with blue skyes

The Guernsey International Insurance Association (GIIA) has awarded its first ESG accreditation for an insurance entity to the Red Cross-sponsored Dunant Re IC deal, the first humanitarian cat bond in the history of the ILS market.

The deal raised $3mn of reinsurance limit through specialist cat bond investors, to cover the risk of 10 volcanic eruptions through the bond.

Dunant

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Topics

NewsILS managersCatastrophe bondsESG
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Alex Frampton
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