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.
Catastrophe risk-management and modeling firm RMS, design firm re:focus partners, reinsurance giant Swiss Re and the Rockefeller Foundation announced the framework for a new financial product called a “resilience bond.”
The bonds were developed in partnership with Swiss Re and The Rockefeller Foundation. According to an RMS statement, the resilience bond could provide financial protection through catastrophe insurance...
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.
Dec 9 A "resilience bond", a variation on a catastrophe bond, could help cities deal more effectively with climate change-related disasters, according to a report funded by the Rockefeller Foundation.
The RE:bound program, a partnership between re:focus partners, risk modeller RMS, reinsurance firm Swiss Re and The Rockefeller Foundation, has released a new framework that leverages the catastrophe bond structure for the financing of resilient infrastructure projects.
Some of the people who brought you “catastrophe bonds” now want to bring you “resilience bonds,” a product that could appeal to flood-prone cities, public utilities and other entities that need to build infrastructure like seawalls and flood barriers.
Financial instruments structured in a similar manner to catastrophe bonds could provide a reduction in insurance costs by recognizing the value of community resilience projects such as flood barriers, a paper released Tuesday suggests.
A team of private sector leaders has collaborated to design and structure a framework for a new insurance-based product intended to generate capital for risk-reduction projects
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 [...]