disaster risk financing

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Typhoon Kammuri (Tisoy) intensifies on track for Philippines landfall

Typhoon Kammuri has intensified in the last day and remains on track for a landfall in the Philippines. Known locally as typhoon Tisoy, the storm has now intensified to a Category 3 equivalent and approaches the Philippines soon after the issuance of its first catastrophe bond.Typhoon Kammuri is currently located read the full article →

Kammuri eyes Philippines days after launch of its first cat bond

Typhoon Kammuri is eyeing the Philippines with the potential to intensify into a super typhoon just days after the launch of the country's first catastrophe bond that provides it with $150 million of tropical cyclone disaster insurance protection from the capital markets.Updated Thursday Nov 28th: Kammuri has now become a read the full article →

Philippines cat bond illustrates Singapore – World Bank alignment on ILS

Singapore and the World Bank aligned their missions to collaborate on the recent landmark first catastrophe bond issuance for the Philippines, as the pair look to stimulate insurance-linked securities (ILS) issuance in Asia as a financial solution for climate resilience.The Philippines catastrophe bond, IBRD CAR 123-124 which completed last week read the full article →

Philippines “climate proofing” cat bond benefited from Singapore grant

The government of the Philippines sees the successful issuance of its first catastrophe bond, the World Bank facilitated $225 million IBRD CAR 123-124 cat bond, as an example of the country "climate proofing" itself, as well as an endorsement of its natural disaster resilience strategy.It's also emerged that the Philippines read the full article →

World Bank completes issuance of Philippines first catastrophe bond

The World Bank has now successfully completed the issuance of the first catastrophe bond to benefit the Philippines with a source of capital markets backed disaster insurance, as the $225 million IBRD CAR 123-124 cat bond transaction listed on the Singapore Exchange (SGX) this morning.The Philippines cat bond transaction has read the full article →

Philippines cat bond will be first to list on Singapore Stock Exchange

The inaugural catastrophe bond to benefit the Philippines will also set another ILS market first, as the $225 million of notes issued through the World Bank's IBRD CAR 123-124 cat bond transaction will be listed on the Singapore Stock Exchange (SGX).We understand that this will be the first listing of read the full article →

Pricing fixed for World Bank’s first Philippines cat bond

The first catastrophe bond ever issued to cover natural peril exposures in the Philippines has now been priced, as the landmark transaction from the World Bank gets nearer to completion.The IBRD CAR 123-124 cat bond transaction is set to provide the government of the Philippines with a $225 million source read the full article →

World Bank’s cat bond for the Philippines not upsized, set at $225m

The World Bank supported catastrophe bond that is in the market to secure risk transfer and disaster insurance protection for the Philippines has not upsized, with the IBRD CAR 123-124 transaction still aiming for $225 million.At the same time, the catastrophe bond tranches have been moved to use the International read the full article →

Philippines cat bond launched at $225m by World Bank IBRD

A catastrophe bond (IBRD CAR 123-124) has been launched to the market seeking to secure risk transfer and disaster insurance protection for the Philippines, with the World Bank supporting the country in securing a capital markets backed source of capacity for catastrophe loss events.A Philippines catastrophe bond has been in read the full article →

World Bank looks at new cat bond risks, including cyber, famine, migration

The World Bank continues to explore ways it can expand the range of risks and perils that its member countries can hedge using risk transfer structures including catastrophe bonds.To-date, the World Bank has helped its member countries to hedge more than $4.25 billion of natural catastrophe risk, as well as read the full article →