World Bank’s cat bonds a win for all, says analyst
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.
“It is a win-win situation for developing countries, the institution itself, countries which issue the bonds, the investors in bank-facilitated cat bonds and those devastated by catastrophe,” said Morton Lane, president of Lane Financial LLC, a consultancy.The World Bank has become a prolific player in cat bonds, ...
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