World Bank Eyes First ‘Drought’ Bond in Next 12-18 Months July 18, 2024 By Karin Strohecker and Marc Jones The World Bank is looking to issue its first drought bond in the next 12-18-months and broaden its offering of...
Catastrophe Bonds Dodge Losses After Beryl Hits Jamaica July 8, 2024 By Gautam Naik Investors in bonds intended to help Jamaica cover the costs of a natural catastrophe won’t be affected by the havoc...
Jamaica Finance Minister Sees ‘Definite Interest’ in Regional Caribbean Catastrophe Bond June 16, 2023 By David Lawder Jamaican Finance Minister Nigel Clarke said he is seeing “definite interest” from other Caribbean countries to join in issuing a...
Colombia, Peru Eye World Bank Catastrophe Bonds on Renewed Investor Interest March 29, 2023 By Esteban Duarte and Marcelo Rochabrun Colombia and Peru are considering returning to a World Bank program that issues bonds to cover claims on natural disasters...
Chile Completes $630M Earthquake Insurance Deal With World Bank March 20, 2023 Chile has agreed to an earthquake insurance program with the World Bank protecting it from $630 million worth of damage...
Chile Finalizes Major Earthquake Insurance With World Bank February 24, 2023 Chile is finalizing a deal with the World Bank for insurance against high-intensity earthquakes that would impact the country’s fiscal...
World Bank Seeks to Restart Cat Bond Issuance to Boost Emerging Nations’ Resilience December 7, 2022 By Esteban Duarte The World Bank is looking to restart the issuance of catastrophe bonds to help developing countries improve their preparedness for...
World Bank to Host Facility for Climate Disaster Risk November 8, 2022 The World Bank will host a new facility that will help countries that suffer heavy economic loss due to climate...
Climate Change Could Force 200 Million People to Leave Their Homes by 2050 September 15, 2021 By Renata Brito Climate change could push more than 200 million people to leave their homes in the next three decades and create...
Trinidad and Tobago Gets CCRIF Payment of $2.4M for August Heavy Rains, Flooding September 7, 2021 The Caribbean Catastrophe Risk Insurance Facility has made a payout of approximately US$2.4 million to the government of Trinidad and...