Jamaica has secured its largest catastrophe bond yet at two hundred million dollars, months after a full payout for Hurricane Melissa proved it works.
Key Facts
—The deal. Jamaica secured $200m of parametric hurricane cover in May through a World Bank-facilitated catastrophe bond, its largest yet.
—The trigger. The previous bond paid out its full $150m within weeks of Hurricane Melissa striking in October 2025.
—The catch. The earlier bond paid nothing after Hurricane Beryl in 2024, when air-pressure thresholds were not met.
—The demand. The offering was oversubscribed, letting Jamaica upsize by a third; specialist funds took most of it.
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