Italy quake unlikely to trigger 200 million euro cat-bond default-investors

A man walks amidst rubble following an earthquake in Pescara del Tronto, central Italy, August 24, 2016. REUTERS/Remo Casilli

LONDON (Reuters) - A powerful earthquake in Italy on Wednesday is unlikely to force UnipolSai's 200 million euro (170.08 million pounds) catastrophe bond into default as the bond has low exposure to the affected region, the Italian insurer said.

The earthquake devastated a string of mountainous towns in central Italy, killing at least 73 people, trapping residents under piles of rubble and leaving thousands homeless.