Philippines Cat Bond Launched at $225m by World Bank IBRD

A catastrophe bond has been launched to the market seeking to secure risk transfer and disaster insurance protection for the Philippines, with the World Bank supporting the country in securing a capital markets backed source of capacity for catastrophe loss events. The $225 million Philippines cat bond will aim to secure the country both earthquake and tropical cyclone insurance coverage, on a modelled loss trigger basis. Click here to access the press release.