Cat bonds effective safeguard of charity spending: Red Cross’s Bornstein
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Cat bonds effective safeguard of charity spending: Red Cross’s Bornstein

Alex Frampton
21 June 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Volcano eruption in Eyjafjallajokull in Iceland.jpg

Cat bonds are an efficient and well-targeted answer for insuring charitable spending, according to Adam Bornstein, leader of the team at the Danish Red Cross, which oversaw the issuance of its debut cat bond covering volcanic eruptions.

After raising $3mn for its parametric deal in March, Bornstein spoke to Trading Risk about the charity’s plans for the ILS market and how more humanitarian organisations could be brought to consider insurance transactions.

Setting

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsCatastrophe bondsInterviews
AF
Alex Frampton
Gift this article