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

Pure-play cat bond funds keep pace, add 0.5% to rally in April

12 May 2026 Plenum’s performance index goes more than a year since showing a weekly decline.

Alternative Risk Transfer

Next London Bridge could be massive debt facility, says Lloyd’s boss

7 May 2026 Lloyd’s CEO sees follow-only syndicates coming under ‘significant strain’.

Alternative Risk Transfer

RenaissanceRe ILS AuM down 5.4% Q1 after hefty January outflows

29 April 2026 Fundraising proved very modest, RenRe stepped in to pick up bits of DaVinci and Fontana.

More articles

Pelagos swings to Q1 profit, but wildfire-hit rebound distorts success story

Aviva Grows its GWP, UK personal lines top the bill

AI transforming the London Market but not how you think, says LIIBA CEO

Cyber insurance first step to making Britain less vulnerable, says ex-defence secretary

Price Forbes hires Howden veteran to expand A&H division

Howden reshuffles Asia leadership with Hong Kong CEO

QBE Re creates MENA leadership role with Scor hire

Shaping culture, careers and change in re/insurance

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