Jamaica secures US$200-million hurricane bond, bigger than expected

Finance

Business

May 20, 2026

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Jamaica secures US$200-million hurricane bond, bigger than expected

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Jamaica has secured US$200 million in parametric hurricane insurance through a World Bank-issued catastrophe bond.

The bond is US$50 million more than the government had initially sought after global institutional investors oversubscribed the offering, according to a World Bank press release.

The bond replaces coverage that was fully paid out to Jamaica following Hurricane Melissa, which struck the island in October 2025.

Finance

Business

Sourced from Jamaica Gleaner. Visit their website to read the full story.

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