News Roundup
Jamaica bought insurance from the capital markets via a US $150 million catastrophe (“cat”) bond arranged with the World Bank. If a very intense hurricane hits Jamaica and meets predefined metrics, investors lose some/all of their principal and the Government of Jamaica receives the funds. No loan. No repayment.
After Hurricane Melissa (Category 5, late Oct 2025), the bond’s parametric conditions were expected to trigger—reports point to a full US $150 million payout to Jamaica. Separately, the regional facility CCRIF SPC confirmed a record US $70.8 million payout to Jamaica under its tropical cyclone policy.
