World Bank’s cat bonds a win for all, says analyst

Jasper Cox

January 09, 2020 07:00 pm

hurricane_PA_230x150_9Jan2020 — September 14, 2018 - Houston, TX, United States of America - View from the International Space Station of Hurricane Florence as it makes landfall along the coast of North Carolina near Wrightsville Beach September 14, 2018 in Earth Orbit. Florence, a category 4 storm, weakened as it hit the coast between South and North Carolina but is expected to bring massive flooding and destruction of the Carolinas. (Credit Image: © Nasa via ZUMA Wire) | Nasa/Zuma Press/PA Images

Catastrophe bonds issued by the World Bank have been positive for both investors and the countries receiving protection from the securities, according to one market veteran. The organisation’s activity in insurance-linked securities has been highly innovative but has also received criticism from some quarters.

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Topics

Responsible Investment SSA World Bank Supras and agencies Asia Sovereigns Asia Pacific Securitization ABS Emerging Markets SRI

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Jasper Cox