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.
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The Government of Jamaica has now successfully secured its one-third upsized target of $200 million of parametric named storm and hurricane insurance protection from its new World Bank facilitated IBRD CAR Jamaica 2026 catastrophe bond issuance, pricing the coverage within guidance, while ILS funds were the main supporters of this deal.
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The Government of Jamaica has raised the target size for its third catastrophe bond, now aiming to secure $200 million of parametric named storm and hurricane insurance protection from the World Bank facilitated IBRD CAR Jamaica 2026 issuance, market sources have told Artemis.
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The Government of Jamaica is back in the catastrophe bond market again with the support of the World Bank, targeting $150 million of parametric named storm and hurricane protection from an IBRD CAR Jamaica 2026 issuance, designed to replace its coverage that was triggered by hurricane Melissa, Artemis has learned from sources.
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