World Bank Capital-at-Risk Notes Program


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 looking to “push the boundaries” of ILS capital: Michael Bennett

The establishment of the World Bank’s capital-at-risk notes program almost four years ago set the foundation for continued innovation and expansion, as the organisation looks to “push the boundaries” of insurance-linked securities (ILS) market risks, according to Michael Bennett, Head of Derivatives & Structured Finance, World Bank Treasury. Speaking with Artemis read the full article →

World Bank set to bring more cat bonds, looks at health risk transfer

The World Bank is exploring potential new transactions as part of its Capital-at-Risk Notes Program, where it issues catastrophe bonds on behalf of sovereign entities. The Bank is also considering ways to use the facility to provide health risk transfer as well. At the ILS Bermuda Convergence 2014 event this week, read the full article →

World Bank deal an important step for public sector cat bond sponsors

The recently completed World Bank issued catastrophe bond transaction, which saw the bank leverage its own structured bond issuance platform to sell a cat bond to investors is an important step for public sector catastrophe bond sponsors, said GC Securities. The World Bank deal, saw it use its affiliate organisation the read the full article →

World Bank hails first cat bond from new Capital-at-Risk Notes Program

The World Bank has hailed the successful issuance of the first catastrophe bond notes through its newly created Capital-at-Risk Notes Program, which resulted in the World Bank – CCRIF 2014-1 cat bond we covered last week. The transaction is the World Bank's first directly issued catastrophe bond, using the International Bank for read the full article →