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Red Cross targets cat bonds for nature-based, humanitarian, resilience financing

The Red Cross, working alongside insurance-linked securities (ILS) risk securitisation facilitator and risk transfer consultancy Replexus Group, is developing a solution to promote nature-based solutions to disaster risk, financed partly through the use of catastrophe bonds, as well as other humanitarian and development scenarios.

Recently, the Danish Red Cross successfully delivered the world’s very first catastrophe bond covering pure volcanic eruption risk.

The organisations innovative finance team have been exploring other use-cases for catastrophe bonds and insurance-linked securities (ILS), around areas where it feels supporting capacity from the capital markets can both take on exposure to natural disasters, while helping its own funding work harder and do more.


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