shutterstock_777219847 and 2149239033

26 April 2024Alternative Risk Transfer

Jamaica secures $150m World Bank cat bond for four hurricane seasons

The Government of Jamaica has secured $150 million of parametric insurance coverage for four hurricane seasons through its World Bank (International Bank for Reconstruction and Development, or IBRD) “capital at risk” (CAR) catastrophe bond programme. Aon Securities and Swiss Re Capital Markets jointly structured the transaction with AIR Worldwide as the risk modeler.

Already registered?

Login to your account

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

Alternative Risk Transfer

Cortina reinsurance capital ‘not a zero-sum game’, says Aon CEO Greg Case

28 October 2026 Brokerage boss says aim is to grow capital pool, not displace traditional reinsurance.

Alternative Risk Transfer

RenaissanceRe’s ILS capital flows turn negative despite cat bond boost

28 October 2026 Almost all fresh capital went to one fund while collateral releases and payouts surged.

Alternative Risk Transfer

Greenberg’s casualty sidecar revue: Who’s left holding the trash?

22 October 2026 Chubb’s CEO reprises the insurance-cycle classics, with warnings for clever capital.

More articles

Man-made threats now loom as large as nat cat on Asia’s risk agenda, warns TMK

AI boom breaks risk silos as exposures converge, demanding a new approach

MSIG Asia eyes bigger specialty role under new CEO Ronak Shah

Global fragmentation is redrawing Asia’s risk map, SIRC panel warns

APAC engineering insurance opportunity grows, but risk mitigation must come first: Swiss Re

Fix programme structures and invest in resilience now, WTW’s Ware urges Asian buyers

Swiss Re warns abundant reinsurance capital may not cover emerging risks like data centres

Lloyd’s Market Association chief Sheila Cameron to step down

Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze