The recent issuance of a new cat bond by the World Bank Group’s International Bank for Reconstruction and Development (IBRD) covering natural catastrophes in Mexico, demonstrates the further maturity of the ILS sector and an increasing willingness by governments to use this form of risk transfer.
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Monte Carlo, Catastrophe bond, IBRD, Mexico, ILS, Risk transfer, US, Bermuda, Brad Adderley, Gavin Woods, Appleby, World Bank Group