A rare thing is about to happen in the $55 billion market for catastrophe bonds: a trigger event will wipe...
World Bank News
Investors in Jamaica’s catastrophe bond now face a 100% payout after Hurricane Melissa set off a full trigger event, according...
When churning flood waters swept away a group of tourists in Pakistan’s Swat Valley in June, the whole country felt...
The World Bank is looking to issue its first drought bond in the next 12-18-months and broaden its offering of...
Investors in bonds intended to help Jamaica cover the costs of a natural catastrophe won’t be affected by the havoc...
Jamaican Finance Minister Nigel Clarke said he is seeing “definite interest” from other Caribbean countries to join in issuing a...
Colombia and Peru are considering returning to a World Bank program that issues bonds to cover claims on natural disasters...
Chile has agreed to an earthquake insurance program with the World Bank protecting it from $630 million worth of damage...
Chile is finalizing a deal with the World Bank for insurance against high-intensity earthquakes that would impact the country’s fiscal...
The World Bank is looking to restart the issuance of catastrophe bonds to help developing countries improve their preparedness for...