Climate-vulnerable countries gain resilience through disaster risk finance and insurance

New UNDP initiative addresses underlying challenges to building resilience through disaster risk finance and insurance in Least Developed Countries (LDCs) and Vulnerable Twenty (V20) countries. In 2021, economic losses from disasters caused by natural hazards totalled almost $270 billion. The impact of  disasters can significantly undermine development progress and push communities deeper into poverty, making them […]

Peak Re targets Hong Kong cat bond Black Kite Re for Japan typhoon retro

Peak Reinsurance Company (Peak Re), the Hong Kong headquartered global reinsurer, is sponsoring its first ever catastrophe bond, with a $75 million Hong Kong domiciled Black Kite Re Limited (Series 2022-1) issuance. Peak Re is seeking $75 million of industry loss trigger based Japanese typhoon retrocessional reinsurance with its debut Black Kite Re cat bond deal. […]

Jamaica cat bond may grow, or expand to cover Caribbean: World Bank MD

When a renewal comes up for consideration for the first catastrophe bond transaction to be sponsored by Jamaica, there is already some discussion regarding the need for a larger cover to be in place, or for it to be expanded to cover additional Caribbean island nations, a World Bank Managing Director has said. Speaking with […]

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