Jamaica Minister of Finance highlights risk transfer as hurricane Beryl approaches

With major hurricane Beryl churning across the Caribbean towards Jamaica, the country’s Minister of Finance Dr. Nigel Clarke has highlighted the importance of robust disaster risk financing and responsive parametric risk transfer arrangements that are in-place, including its World Bank catastrophe bond.

Hurricane Beryl remains a major and dangerous storm, with Category 5 winds and is forecast to track close to Jamaica. But with uncertainty in the track still, it remains unclear how impactful it could be for Jamaica.

You can read more about hurricane Beryl in our latest article on the storm from this morning, which has been updated and contains more detail on Jamaica’s catastrophe bond.

FULL ORIGINAL PUBLICATION HERE

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