DRFF in the News
Jun 28
2023
A new financial structure that can provide community-based climate insurance or risk transfer protection from the capital markets, while incorporating resilience, advanced funding for loss-prevention and mitigation, through an insurance-linked security (ILS) designed structure has been proposed. Reinsurance broker Guy Carpenter has collaborated with Dr Franziska Arnold-Dwyer from Queen Mary University of London to produce a briefing document on the new climate-focused ILS structure, laying out... Keep reading
Jun 28
2023
The Finance Minister of Jamaica Nigel Clarke has told Reuters that his country intends to renew its catastrophe bond coverage when it reaches maturity at the end of this year and will do so as a stand-alone cat bond for Jamaica, or as a regional Caribbean wide one if others want to participate. As we’ve reported before , Jamaica has been promoting its experience as a catastrophe bond sponsor and wants to encourage other nations in the region to join it in sponsoring a Caribbean catastrophe bond... Keep reading
Jun 27
2023
On the morning of August 7, 2022, Medson Kayuni made his first trip beyond the hilly district of Rumphi to catch an overnight bus that took him on a 650km trip to Zomba where he would start his studies at the University of Malawi. As the bus drove down the hills toward Zomba, he was gripped with excitement and anticipation for this new lease on life. This journey almost wasn’t taken because Medson was on the verge of dropping out of secondary school. His parents struggled to pay his tuition... Keep reading