Hurricane Melissa triggers 100% payout of $150 million World Bank Catastrophe Bond for Jamaica
Pre-agreed parametric triggers reached for full payout based on storm’s central pressure and path WASHINGTON, NOVEMBER 7, 2025 — Following Hurricane Melissa, the Government of Jamaica will receive a full payout of $150 million under its catastrophe insurance coverage with the World Bank, backed by a catastrophe bond issued in 2024 by the World Bank (International […]
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