Jamaica’s parametric cat bond payout funded electricity restoration: Chief Fiscal Economist, Francis
After the devastating impacts of hurricane Melissa triggered a full $150 million payout of its IBRD CAR Jamaica 2024 parametric catastrophe bond, the rapid funding from this insurance product helped the country recover its electricity network faster than would have otherwise been possible, the government’s Chief Fiscal Economist explained last week. Speaking at the ILS […]
Deepening cat bond market offers investors liquidity, scale, and broader diversification: GAM’s Aviv
The catastrophe bond market has reached a scale where its continued growth actively reinforces the investment case, offering greater scalability, improved liquidity and broader scope to diversify within natural catastrophe risk, according to Dr. Rom Aviv of GAM Investments. Aviv, who is well-known across the insurance-linked securities (ILS) industry, joined GAM Investments as Head of […]