Red Cross’ volcano cat bond targets multi-continent coverage from Q1 issue
Over 800 million people live within 100km of an active volcano around the world. To prepare for a potential eruption, the Danish Red Cross and International Federation of Red Cross and Crescent Societies, alongside industry partners, are planning a catastrophe bond to cover risks associated with 10 volcanoes in 4 regions. This will likely be one of the most globally focused cat bonds to ever hit the market.
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