Mexico “setting the standard” with use of World Bank catastrophe bonds
With the successful issuance of the $175 million IBRD CAR Mexico 2024 (Pacific) named storm catastrophe bond, on the heels of the $420 million IBRD CAR Mexico 2024 that provides Atlantic named storm and earthquake protection, Mexico now has $110 million more in disaster risk financing to support its resilience, Héctor Santana Suárez of the Ministry of Finance […]
ILS to play a crucial capital role to support cyber market growth: Neuberger Berman
With the cyber insurance market size projected to increase in the near future, members of the Neuberger Berman ILS team have said that insurance-linked securities (ILS) will “likely play a crucial role” in providing additional capital to support said growth. Citing a survey from PwC, Neuberger Berman’s Callum O’Rourke, Vice President, Insurance-Linked Strategies and George […]