World Bank to target $5bn of cat bond coverage
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

World Bank to target $5bn of cat bond coverage

The World Bank-IBRD.png

The World Bank plans to increase its cat bond limit to $5bn over five years, up from $1bn of outstanding today, according to Bloomberg.com.

Michael Bennett, head of market solutions and structured finance at the World Bank’s treasury department, told the outlet that the bank had “a couple of transactions in the works”.

Future

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article