The Asian Development Bank (ADB) is actively promoting catastrophe bonds for sovereign disaster risk financing across the region, but Thomas Kessler noted last week that this will require cooperation across governments, research and modelling institutions, insurers and the ILS investor base.
Speaking in Bermuda at the Convergence 2026 conference last week, Thomas Kessler, Principal Disaster Risk Insurance & Finance Specialist at the Asian Development Bank (ADB) explained that replicating its first successful catastrophe bond issuances takes time and the engagement of insurance-linked securities market participants.
As we reported back in April 2026, the Asian Development Bank’s (ADB) first catastrophe bonds delivered $160 million of capital market-backed parametric earthquake and extreme precipitation disaster risk financing, evenly split between the Kyrgyz Republic and Tajikistan.
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