Aon completes landmark quake and hurricane parametric deal for Puerto Rico
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Aon completes landmark quake and hurricane parametric deal for Puerto Rico

Samuel Casey
July 06, 2023
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Aon has announced the completion of a parametric insurance programme for the Puerto Rican government, designed to reduce the island’s obligation to the US Federal Emergency Management Agency (Fema).

The coverage provides Puerto Rico with protection against earthquake and hurricane perils, and is the largest government-sponsored parametric transaction on the island.

Aon

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Samuel Casey
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