The World Bank is “extremely pleased” with the response from investors and reinsurance markets to the recent placement of $630 million of catastrophe bonds and catastrophe swaps to protect Chile, Jorge Familiar, Vice President and Treasurer told us in our latest Artemis Live video.
Jorge Familiar of the World Bank joined us in March 2023 for an Artemis Live interview to discuss the recent successful placement of $350 million of International Bank for Reconstruction and Development (IBRD) issued catastrophe bonds, alongside $280 million of catastrophe swaps, to provide the Republic of Chile with $630 million of earthquake insurance protection.
Familiar explained that the investor response was gratifying and said that it was important to time the issuance carefully, in order to maximise execution for the country.
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