Event Brief
Jamaica secures $200m parametric storm bond after Melissa
Filed: Jul 03, 2026 at 3:06 PM ET
Summary: 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 03, 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.
ℹ️ This event is analyzed using pattern arcs, velocity indicators, and source analysis in our MI Console.
Know more. Read less.
The BriefBrief follows the story, so you don't have to read every article. See what happened, how it changed, and where it came from, all in one place.
Same format. Every time.
See how stories unfold →