World Bank Seeks to Restart Cat Bond Issuance to Boost Emerging Nations’ Resilience
The World Bank is looking to restart the issuance of catastrophe bonds to help developing countries improve their preparedness for losses from natural disasters.
World Bank Working With 100-Plus Countries to Resolve COVID Vaccine Legal Hurdles
The World Bank is working closely with over 100 countries to pave the way for them to receive low-interest loans and funding to purchase and distribute COVID-19 vaccines, World Bank Group President ...
AIR Worldwide Expands Global Pandemic Model, Joins World Bank Initiative
AIR Worldwide has made two new business moves involving ways to manage and counter global pandemics. The catastrophe modeling firm said it has expanded its global pandemic model to include outbreaks ...
XL Catlin Exec Joins UN Effort to Bring Insurance Concepts Into Global Disaster Planning
XL Catlin Executive Deputy Chairman Stephen Catlin is among the business and political leaders spearheading a global effort to make insurance more sustainable in the face of growing climate risks and ...
BRICS to Form $50B Bank in Challenge to World Bank, IMF
Leaders of the five BRICS nations agreed on the structure of a $50 billion development bank by granting China its headquarters and India its first rotating presidency. Brazil, Russia and South Africa ...
Governments Will Gain Free Access to RMS Cat Modeling Technology
RMS said it will give governments free access to its new catastrophe modeling software program through a new initiative with The World Bank and United Nations. A particular goal here is to increase ...
GC Securities Places First World Bank Cat Bond
In what appears to be a milestone for the cat bond sector, GC Securities said it has placed the first catastrophe bond issued by the World Bank. GC Securities (part of Guy Carpenter, itself a ...
Tonga Receives First Payout from Pacific Insurance Pilot for Cyclone Ian
The World Bank said that Tonga will be the first country to benefit from a payout under the Pacific Catastrophe Risk Insurance Pilot and will receive an immediate payment of US $1.27 million towards ...