December 26, 2024
Catastrophe-bond issuance rose to a record this year, increasing the overall market to almost $50 billion, as insurers transferred more risk from costly climate disasters to private investors. Sales of bonds earmarked for supplemental coverage of large windstorms, earthquakes and …
April 18, 2016
The European Commission has agreed to contribute €14 million ($15.8 million) so the governments of Central American countries and the Dominican Republic can access to “low cost, high quality catastrophe risk insurance.” The agreement will be executed by the World …
January 22, 2016
Swiss Re Corporate Solutions Ltd. and Veolia have joined forces, under the auspices of The Rockefeller Foundation, to launch an infrastructure recovery initiative to speed up economic recovery in the aftermath of catastrophic events for cities across the globe. The …
October 16, 2013
A research center at the University of Louisiana-Lafayette has received a $1.3 million grant to build a tool to educate property owners about the potential for flooding or other risks in their area. The Advocate reported the university’s National Incident …