http://www.artemis.bm/blog/2009/11/02/multicat-program-to-offer-developing-countries-a-risk-transfer-alternative/ The Alternative Risk Transfer, Catastrophe Bond, Insurance-Linked Securities and Weather Risk Management Blog Mon, 06 Feb 2012 19:41:29 +0000 hourly 1 http://wordpress.org/?v= http://www.artemis.bm/blog/2009/11/02/multicat-program-to-offer-developing-countries-a-risk-transfer-alternative/#comment-23303 Primary insurers issue lions share of cat bonds; private issuers next? | www.Artemis.bm Wed, 06 Jan 2010 14:23:03 +0000 http://www.artemis.bm/blog/?p=1397#comment-23303 [...] say they have had some interest from private entities and it may be that facilities such as the MultiCat program could be extended to offer a way to access the capital markets to private companies as well as [...] [...] say they have had some interest from private entities and it may be that facilities such as the MultiCat program could be extended to offer a way to access the capital markets to private companies as well as [...]

]]> http://www.artemis.bm/blog/2009/11/02/multicat-program-to-offer-developing-countries-a-risk-transfer-alternative/#comment-20820 admin Tue, 17 Nov 2009 13:49:32 +0000 http://www.artemis.bm/blog/?p=1397#comment-20820 Simon, Thanks for the clarification. That makes perfect sense and would seem like a good way for the CCRIF to offer broader cover and provide access to cat bond facilities to the Caribbean nations. Simon,
Thanks for the clarification. That makes perfect sense and would seem like a good way for the CCRIF to offer broader cover and provide access to cat bond facilities to the Caribbean nations.

]]> http://www.artemis.bm/blog/2009/11/02/multicat-program-to-offer-developing-countries-a-risk-transfer-alternative/#comment-20819 Simon Young Tue, 17 Nov 2009 12:46:23 +0000 http://www.artemis.bm/blog/?p=1397#comment-20819 To clarify the position in the Caribbean, Reto was, I think, highlighting the possibility of CCRIF using the World Bank's MultiCat vehicle to transfer some of its risk. CCRIF currently transfers some risk through a private ISDA swap deal with the World Bank Treasury; use of MultiCat would be a natural progression for this deal as WBT rationalises its dealings in the ILS space. Many developing countries do not have the economic scale to warrant direct cat bond issuance nor the technical capacity to implement it; CCRIF acts as a mechanism for aggregating risk and achieving the most cost-effective risk transfer of that risk and, as such, CCRIF-like regional pooling mechanisms will be a critical component in bringing developing world risk into the global risk transfer marketplace. To clarify the position in the Caribbean, Reto was, I think, highlighting the possibility of CCRIF using the World Bank’s MultiCat vehicle to transfer some of its risk. CCRIF currently transfers some risk through a private ISDA swap deal with the World Bank Treasury; use of MultiCat would be a natural progression for this deal as WBT rationalises its dealings in the ILS space. Many developing countries do not have the economic scale to warrant direct cat bond issuance nor the technical capacity to implement it; CCRIF acts as a mechanism for aggregating risk and achieving the most cost-effective risk transfer of that risk and, as such, CCRIF-like regional pooling mechanisms will be a critical component in bringing developing world risk into the global risk transfer marketplace.

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