Jamaica’s Prime Minister and Minster for Finance and Public Services both praised global investor support for the $200 million IBRD CAR Jamaica 2026 catastrophe bond, with the third cat bond a key pillar in the countries fiscal resilience and disaster risk financing, while also revealing they plan to expand parametric coverage under CCRIF.
Speaking yesterday the Jamaica leadership expressed thanks for the support from institutional and insurance-linked securities (ILS) investors for the countries largest catastrophe bond yet.
The one-third upsized $200 million World Bank facilitated catastrophe bond will now occupy a key upper-layer of Jamaica’s layered risk transfer and disaster risk financing arrangements over the coming years.
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