World Bank – CCRIF 2014-1

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Caribbean CCRIF wind policies (and cat bond) not triggered by Gonzalo

Initial model runs suggest that Caribbean Catastrophe Risk Insurance Facility (CCRIF) member countries affected by tropical storm and hurricane Gonzalo will not receive a payout, which also means the World Bank - CCRIF 2014-1 catastrophe bond will be safe.According to the CCRIF, the parametric disaster insurance pooling facility for the read the full article →

CCRIF appreciates diversification offered by cat bond risk capital

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) appreciates the diversity that the first directly issued catastrophe bond from the World Bank offers to its sources of risk capital, a key consideration in its decision to tap the capital markets.For many sponsors of catastrophe bonds sourcing a portion of their reinsurance 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 →

More details on the World Bank – CCRIF catastrophe bond issuance

We've sourced some further details on the $30m Caribbean hurricane and earthquake linked catastrophe bond transaction issued by the World Bank on behalf of the Caribbean Catastrophe Risk Insurance Facility (CCRIF).As we wrote earlier today, it emerged that the World Bank has issued a $30m catastrophe bond transaction for the read the full article →