world bank

The World Bank Group is actively working on the development of a concept for a pandemic risk financing facility that will be designed to enable rapid payouts of funds to countries in need of financial support when pandemics hit.

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.

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.

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 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.

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).

The World Bank has issued (perhaps directly sponsored) its first catastrophe bond, according to reports, in a $30m deal designed to provide hurricane and earthquake reinsurance protection to the Caribbean Catastrophe Risk Insurance Facility (CCRIF).

Sri Lanka has become the first South Asian country to sign up for an innovative disaster risk financing facility with the World Bank, gaining access to a $102m Development Policy Loan with a Catastrophe Deferred Drawdown Option (DPL with a CAT DDO).

Southeast Europe and the Caucasus countries stand to benefit from a grant to the World Bank backed catastrophe and weather risk reinsurance vehicle Europa Re. Europa Re was set up to help these countries develop their own catastrophe and weather risk insurance markets by providing a solid, backed, reinsurance vehicle and risk management tools, techniques […]

The World Banks MultiCat catastrophe bond program was launched back in September 2009 with the MultiCat Mexico 2009 Ltd. catastrophe bond which provides Mexico with three years of cover against earthquakes and hurricanes which impact their FONDEN disaster fund.