Willis Towers Watson designed and placed the world’s first parametric insurance transaction, assisting the Government of Belize in completing a ground-breaking debt restructuring for marine conservation. The insurance protection, underwritten by reinsurer Munich Re, was critical in allowing Belize to refinance its sovereign debt through The Nature Conservancy’s (TNC) Blue Bonds for Ocean Conservation program.… Continue reading WTW Designs Parametric Solution to Help Build Resilience of Sovereign Borrowers to Climate Shocks