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Jamaica battered by hurricane Beryl, but IBRD catastrophe bond appears safe

Jamaica has been battered by the passage of major hurricane Beryl just off its southern coast. But, for holders of the World Bank facilitated $150 million parametric IBRD CAR Jamaica 2024 catastrophe bond transaction, early analysis of the real-time storm track suggests that noteholders will not face any loss of principal. It’s important to mention here […]

CCRIF renews 10% more parametric coverage. Pays Guatemala $6.4m for rains

The CCRIF SPC (formerly known as the Caribbean Catastrophe Risk Insurance Facility) has seen its members renew their parametric insurance policies for the 2024/2025 policy year, with 10% more in parametric coverage purchased, while also making its first payout of 2024, $6.4 million for Guatemala after heavy rainfall. As we reported early yesterday, the CCRIF […]

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