After it was reported that the World Bank targets a significant increase in the use of catastrophe bonds by its client countries, already a number of potential future World Bank cat bond deals are being discussed.
It was Bloomberg that first reported this quarter that the World Bank hopes to increase the volume of catastrophe bonds outstanding that it has facilitated and issued on behalf of clients from the current $1.02 billion to as much as $5 billion within five years.
There are a number of possible beneficiaries of future World Bank issued cat bonds that come to mind, some in terms of a renewal, others in terms of countries that have expressed a desire for more disaster insurance coverage.
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