climate change catastrophe bond


African Risk Capacity in first payout of $25m to three countries

The African Risk Capacity's (ARC) pioneering catastrophe insurance pool, which operates as the ARC Insurance Company Ltd. (ARC Ltd), is set to make its first payout, totalling $25 million to three participating countries.Senegal, Niger and Mauritania will be awarded funds resulting from drought experienced during 2014. The report notes that read the full article →