World Bank Press Release: Hurricane Melissa triggers 100% payout of $150 million World Bank Catastrophe Bond for Jamaica
Pre-agreed parametric triggers reached for full payout based on storm’s central pressure and path WASHINGTON, NOVEMBER 7, 2025 — Following Hurricane Melissa, the Government of Jamaica will receive a full payout of $150 million under its catastrophe insurance coverage with the World Bank, backed by a catastrophe bond issued in 2024 by the World Bank (International […]
Jamaica to receive full $150m payout from parametric cat bond after Hurricane Melissa: World Bank
The World Bank has announced today that following the events of Hurricane Melissa, the Government of Jamaica will receive a full 100% payout of its $150 million IBRD CAR Jamaica 2024 parametric catastrophe bond. Recall that the World Bank facilitated and supported the issuance of Jamaica’s $150 million IBRD CAR Jamaica 2024 parametric catastrophe bond. As we reported on […]
Europe’s re/insurers turn to ILS and alternative capital amid market complexity: AM Best
At AM Best’s Europe Insurance Market & Methodology Briefing in London this week, analysts noted that insurers and reinsurers are managing capital more efficiently, with the growing role of insurance-linked securities (ILS) emerging as an increasingly important alternative capital strategy for risk management. During the event held on November 6th 2025, Timothy Prince, Director, Analytics […]
China regulator calls for domestic re/insurers to sponsor sidecars in Hong Kong
Chinese financial markets regulator the National Financial Regulatory Administration (NFRA) has issued guidance for domestic China market insurance and reinsurance companies to sponsor collateralised sidecar structures out of Hong Kong. Continuing to recognise the potential benefits to the domestic China insurance market of accessing third-party investor sources of international capital to fund growing reinsurance needs, […]
MAS to encourage livelier capital markets for alternative risk financing, strengthening Singapore’s insurance hub status
The central bank will extend its support to cover non-Apac risks and renewable energy products, while continuing to prioritise solutions that address the region’s needs. [SINGAPORE] The Monetary Authority of Singapore (MAS) has refreshed its insurance-linked security (ILS) grant scheme to offset issuance costs, encourage broader market participation and innovation, and support the growing demand […]