Event Brief
Jul 3, 2026 at 3:06 PM ET
Jamaica secures $200m parametric storm bond after Melissa
By The BriefBrief
Jamaica bought a $200m World Bank-facilitated parametric hurricane bond, its largest, after a prior bond paid out fully for Melissa.
WHO: Jamaica; World Bank
WHAT: Jamaica secured $200m of parametric hurricane catastrophe bond coverage via a World Bank-facilitated deal.
WHEN: Jul 3, 2026 at 2:12 PM ET
WHERE: Jamaica
WHY: The previous $150m bond paid out in full within weeks of Hurricane Melissa striking in October 2025.
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