Insured loss from Turkey earthquakes likely to exceed $5bn: Moody’s RMS
Catastrophe risk modelling firm Moody’s RMS has said today that it anticipates the earthquakes that struck Turkey on Monday 6th February are likely to cause over US $25 billion in economic losses and over $5 billion in losses for the insurance and reinsurance market. It’s the highest loss estimate so far, both on the economic […]
Chile seeks $150m parametric quake cat bond via the World Bank’s IBRD
The Republic of Chile is aiming to secure $150 million of parametric earthquake disaster insurance protection through a new IBRD – Chile 2023 transaction that is being issued by the World Bank’s multilateral development bank, the International Bank for Reconstruction and Development (IBRD). The IBRD – Chile 2023 catastrophe bond is the first issuance to come to […]
Strong earthquake strikes Tajikistan, near border with China
Reuters DUSHANBE, Feb 23 (Reuters) – An earthquake of about 6.8 magnitude shook eastern Tajikistan at 5:37 a.m. (0037 GMT) on Thursday, Tajik authorities said, which was felt in China and other neighbouring countries. The earthquake struck the mountainous Gorno-Badakhshan autonomous region which was earlier this month hit by a series of deadly avalanches. Although […]
Chile seeks $150m parametric quake cat bond via the World Bank’s IBRD
The Republic of Chile is aiming to secure $150 million of parametric earthquake disaster insurance protection through a new IBRD – Chile 2023 transaction that is being issued by the World Bank’s multilateral development bank, the International Bank for Reconstruction and Development (IBRD). The IBRD – Chile 2023 catastrophe bond is the first issuance to come to […]
