WTW placed and co-developed the Mesoamerican Reef parametric insurance and helped fund its premium, and arranged The Nature Conservancy’s 2024 Hawaii reef policy [MS].

Right of reply

This page describes WTW only through its published statements and the public records of the deals listed. WTW has not yet been invited to comment. Responses and corrections will be recorded here with their date. On register pages, [MS] marks a claim that rests only on the institution’s own statement or on statements by parties to the same deal.

In the register

The register follows instruments whose terms depend on a verified ecological outcome, the broad family of the performance-based bond. The register index explains its tiers, roles and claim tags.

DealYearFamilyRoleAmountClaim
Mesoamerican Reef parametric insurance (MAR Fund)2021 onwardAdjacentBroker, co-developer, premium co-funderPremium share not disclosed[MS]
The Nature Conservancy’s Hawaii reef insurance2024AdjacentArrangerNot applicable[MS]

Hurricane Lisa triggered the Mesoamerican Reef program’s first payout, US$175,000, in November 2022 [MS]. The program’s other premium funders are the InsuResilience Solutions Fund, financed by KfW for the German government, and Global Affairs Canada through the Ocean Risk and Resilience Action Alliance [MS].

References

Provenance

Drafted on 15 October 2026 from the research brief Nature performance bond investors.md, compiled the same day from five research strands: outcome-linked and sustainability-linked bonds, environmental impact bonds, debt-for-nature conversions, insurers and reinsurers, and the largest asset managers with their regulatory context. Claim tags follow the brief, which never upgraded a claim without a source and lowered to [MS] any claim a research note had graded [IC] on the strength of a company’s own release. The headquarters country in based_in comes from general knowledge unless a deal record states it, and is to be confirmed. The brief’s search had limits: fund holdings filings, municipal bond disclosures and the Oxford INDIGO and Brookings impact bond databases were not searched, so a deal missing from this page may exist.