DRFF in the News
Jun 29
2023
Picture of the World Bank and ZEP-RE respective DRIVE teams, alongside members of the IDF including Swiss-Re, ARC Ltd, WTW, Allianz, and Guy Carpenter at the WTW offices in London
The World Bank’s Crisis and Disaster Risk Finance team in London, hosted and facilitated a workshop from June 19 to June 23, 2023, to explore opportunities to mobilize additional private capital for the De-risking, Inclusion, and Value Enhancement of pastoral economies in the Horn of Africa project (DRIVE). The workshop enabled discussions between the World Bank, ZEP-RE (COMESA regional reinsurer and implementer for the financial resilience component of DRIVE), private sector partners,... Keep reading
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