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The first ever catastrophe bond designed to cover the risk associated with volcano-related disasters has been launched on behalf of the Danish Red Cross. The bond will improve the provision and efficiency of humanitarian relief in the event of a volcanic eruption.
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Danish Red Cross, Mitiga Solutions, Replexus, Volcano, Catastrophe, Insurance, Reinsurance, Alejandro Marti, Cedric Edmonds, North America, Latin America
