Tight cat bond capacity drove simultaneous issuance of Chile cat swaps: World Bank
The fact capacity and capital was tight in the catastrophe bond market at the time of the issuance of the $350 million of IBRD – Chile 2023 cat bond notes drove the World Bank team to look to traditional re/insurers and the issuance of simultaneous catastrophe swaps, resulting in much stronger execution for Chile. Back in […]
Global Shield Solutions Platform launched as financing vehicle to address climate change
The Global Shield Solutions Platform (GSSP), a new multi-donor grant facility and one of the core financing vehicles of the Global Shield, has officially been launched to help vulnerable countries effectively address loss and damage exacerbated by climate change. Launched at the InsuResilience Global Partnership Annual Forum on June 9th, held at the Gustav-Stresemann-Institute in […]
