About Kenny Chung

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So far Kenny Chung has created 28 blog entries.

Financing infrastructure through resilience bonds

December 16th, 2015|

One way for cash-strapped local governments to increase both protection and insurance against disasters is through a new financial tool called resilience bonds. In a new report, my co-author James Rhodes and I lay out how these would work.

Resilience bond framework launched

December 9th, 2015|

A new framework for "resilience bonds" that could offer credit for infrastructure works alongside catastrophe bond reinsurance cover has been launched today (9 December). The partners behind the initiative include RMS, Swiss Re and the Rockefeller Foundation, as well as design firm re:focus partners.

Goldman Sachs to push catastrophe bonds for climate resilience

November 3rd, 2015|

As part of a new environmental policy at the investment bank, Goldman Sachs will focus on developing new models and use-cases for catastrophe bonds, aiming to help clients mitigate climate risk impacts as well as for financing resilience. Goldman Sachs has been a leading structuring and investment banking firm in the catastrophe bond space since [...]

Taking the initiative on disaster management

September 20th, 2015|

U.S. cities from Hoboken, New Jersey, to Los Angeles are taking steps to ensure that their infrastructure can sustain direct hits from major hurricanes and floods. “It's interesting to me how the awareness of these issues is changing so quickly,” said Shelley Poticha, director of urban solutions at the Washington-based Natural Resources Defense Council.

The Next Big Thing in Cat Bonds: Prevention

July 21st, 2015|

What if catastrophe bonds could be used to prevent losses, instead of paying for them? That’s the impulse behind RE.bound, a collaboration among Goldman Sachs, The Rockefeller Foundation, Swiss Re, risk modeler RMS and consultancy re:focus partners.