Leveraging catastrophe bonds: as a mechanism for resilient infrastructure project finance

This paper offers a new approach for systematically linking catastrophe bonds and conventional project finance to support large-scale resilience projects. It describes the RE.bound Program framework for catastrophe modeling, bond structuring, and bond sponsorship; summarize key insights and lessons for extending the approach to a range of resilience applications; and offer ideas for government and other public-interest entities seeking to build resilience and mitigate disaster risk.