Jamaica due US $16.3m CCRIF payout, as Beryl triggered parametric cyclone cover

Jamaica is set to benefit from an approximately US $16.3 million payout from the CCRIF SPC (formerly known as the Caribbean Catastrophe Risk Insurance Facility) after hurricane Beryl triggered its parametric tropical cyclone insurance policy. The country’s Minister of Finance Dr. Nigel Clarke explained that the CCRIF event report has been delivered, indicating that major […]

UCITS catastrophe bond funds now make up 25% of the market

Catastrophe bond funds in the UCITS format saw their combined assets under management grow to $12.2 billion by the end of the first-half of 2024, rising 4% in the second-quarter and 11% in the first-half. Impressively, as a share of the outstanding cat bond market, these UCITS fund strategies now make up 25% of risk […]

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