Market conditions impede World Bank’s cat bond issuances

Michael Bennett, head of derivatives and structured finance at the World Bank Treasury, said that geopolitical risks, inflation and wider macroeconomic conditions stalled the World Bank’s issuance of catastrophe bonds for member nations this year, Artemis reported. The current rise in return expectations among investors in the catastrophe bond market could drive the prices higher and present a challenge for government sponsorship of catastrophe bonds.