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11 November 2025Insurance

Melissa makes the case for parametric vs traditional cat reinsurance

Parametric insurance’s long-promised moment arrived this week, loudly, visibly and with major financial consequence. Hurricane Melissa has triggered a $150m payout from Jamaica’s World Bank–issued sovereign bond, delivering rapid liquidity in stark contrast to last year, when Hurricane Beryl inflicted similar devastation but the same structure failed to pay.

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