The Government of Jamaica aims to have its World Bank supported catastrophe bond issued and in place, providing a much-needed source of capital market backed disaster insurance protection in advance of the 2021 hurricane season, its Finance Minister said yesterday.
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Jamaica: World Bank cat bond still underway. Gets CCRIF rainfall payout for Zeta & Eta
NewsJamaica continues to work with the World Bank on a first catastrophe bond for the country the Finance Ministry has said and reflecting the importance of disaster risk financing, in recent weeks it has received a roughly $3.5 million payout under its parametric CCRIF insurance coverage.
Jamaica still aims for catastrophe bond with World Bank support
NewsThe Government of Jamaica will continue to work alongside the World Bank and other multi-lateral groups to increase its disaster insurance protection this year, even though its priority is a swift economic recovery after the Covid-19 pandemic.
Jamaica’s first catastrophe bond delayed by Covid-19 uncertainty
NewsJamaica’s catastrophe bond ambitions have been forcibly delayed by the Covid-19 pandemic, as the financial market volatility caused by the coronavirus outbreak has put the Caribbean island nations first cat bond issuance on-hold, according to the country’s finance minister.
Jamaica readies for first cat bond, already budgeting for its renewal
NewsDespite the fact a catastrophe bond for Jamaica has not yet come to market, after receiving support to pay premiums for the in-development first issuance the Caribbean island nation is already preparing to budget for its future renewal.
Jamaica gets cat bond premium support from the World Bank
NewsJamaica’s mission to secure catastrophe bond coverage as part of its disaster risk financing plan continues, with progress being made in terms of risk modelling while the World Bank has funded the country to help in paying cat bond premiums to investors.
Jamaica’s cat bond risk modelling supported by World Bank
NewsThe work to issue a catastrophe bond for Jamaica continues, with the World Bank providing risk modelling support and expertise to assist in getting a transaction to market, the countries Finance Minister said.
Work begins on Jamaica catastrophe bond (with World Bank support)
NewsThe Jamaican government has said it is actively working with the World Bank on a catastrophe bond issuance, as the final piece of a disaster risk financing tower for the country is put into place.
Jamaica cat bond & disaster insurance talks continue to advance
NewsThe Jamaican government continues to discuss disaster risk financing instruments including catastrophe bonds with bilateral and multi-lateral partners and is developing a Public Financial Management Policy for Natural Disaster Risk.
India & Jamaica both in ILS related disaster risk financing talks
NewsBoth India and Jamaica have been having discussions on disaster risk financing and risk transfer solutions, including ILS, with the World Bank and other international organisations, as the two countries look to put in place measures to ensure funding is quickly available when the most impactful natural disasters strike.