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The notes, with a combined total of $27mn, are due on 15 January 2020.
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The government also said it is exploring the possibility of issuing a cat bond in the near future.
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The outbreak is eligible for cover under a 2018 pandemic cat bond sponsored by the World Bank. -
The carrier’s $1.2bn gross loss from the two wildfires would trigger the carrier’s nationwide programme, which attaches above $500mn.
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There have been 452 confirmed cases in the latest Ebola outbreak.
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The Event-Linked Bond Fund’s net assets reached $373.2mn at 30 September, up from $259.5mn at the same point last year.
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PCS has put out an initial $13.8bn combined loss figure for the Camp and Woolsey wildfires which tore through California in November, sources told Trading Risk.
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The vehicle is a first for an Asia-based cedant.
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Annual cat bond issuance for 2018 has surpassed broker-dealer predictions for a strong post-loss year.
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Insurers are seeking to claim roughly $10bn through subrogation lawsuits against Pacific Gas and Electric in relation to the 2017 wildfire losses.
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Projected cat bond losses from the 2017 disasters have increased by just over 10 percent to $997mn.
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How do ILS investors know whether they’re being paid enough for shouldering catastrophe risks?
