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The Caribbean island nation of Jamaica is "pleased" to have secured coverage from its second World Bank supported catastrophe bond, Finance Minister Dr.
The World Bank has priced a catastrophe bond that provides $150 million in insurance coverage for the Government of Jamaica against named storm events.
Jamaica secures $150m World Bank cat bond for four hurricane seasons intelligentinsurer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from intelligentinsurer.com Daily Mail and Mail on Sunday newspapers.
Jean-Louis Monnier, a long-standing insurance-linked securities (ILS) focused senior executive at global reinsurance giant Swiss Re, has been named Global
Share Washington – The World Bank (International Bank for Reconstruction and Development, or IBRD) priced a catastrophe bond that will provide the Government of Jamaica with financial protection of up to US $185 million against losses from named storms for three Atlantic tropical cyclone seasons ending in December 2023. The government of Jamaica is the first government in the Caribbean region, and the first of any small island state, to independently sponsor a catastrophe bond, also known as a cat bond. Jamaica was one of the sixteen countries in the Caribbean Catastrophe Risk Insurance Facility that benefitted from IBRD’s first ever cat bond in 2014.
World Bank catastrophe bond provides Jamaica $185 million in storm protection - Jamaica reliefweb.int - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reliefweb.int Daily Mail and Mail on Sunday newspapers.
World Bank Catastrophe Bond Provides Jamaica $185 Million in Storm Protection miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
World Bank catastrophe bond provides Jamaica $185 million in storm protection - Jamaica reliefweb.int - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reliefweb.int Daily Mail and Mail on Sunday newspapers.