A new initiative called RE.bound has been launched which will leverage catastrophe bond technology to design and structure new risk transfer solutions that provide a mechanism for resilient infrastructure project financing. We’ve also seen use-cases where a cat bond securitised structure has been proposed for financing purposes as well. The RE:bound project aims to develop a catastrophe bond that will ultimately have its value tied to risk reduction and resilience. The RE:bound initiative has the backing of a number of key players in the catastrophe bond market, who can clearly see the potential in developing a catastrophe bond specifically designed for resilience projects. “This program would use catastrophe bond technology to ultimately reduce site-specific insurance costs and promote investments in resiliency measures.