US bank overseers clear D&O insurers from broad swathe of action on SVB
Earthquake fund faces $1.4b April renewal after 23% shortfall at 1.1
The Government of Chile has agreed to a catastrophe bond and swap transaction with the World Bank protecting it from $630 million worth of damage and disruptive economic impacts of earthquakes and resulting tsunamis. Chile is one of the most seismically active countries in the world, experiencing some of the largest earthquakes ever recorded.
Chile, Earthquake, World Bank, Catastrophe bond, Transaction, Insurance, Reinsurance