Anleihenmarkt Jamaika

 

Investors in Jamaica's catastrophe bond now face a 100% payout after Hurricane Melissa set off a full trigger event, according to the World Bank....

Jamaica's catastrophe bond has now triggered as a result of the fallout from Hurricane Melissa, the government said....

Jamaica's Catastrophe Bond Poised For Big Payout Within Weeks After Hurricane Melissa's Insane Strength Hurricane Melissa was the most powerful storm to make landfall in Jamaica in over 170 years, ripping through the Caribbean island's western region with 185 mph winds and leaving widespread destruction to infrastructure, towns, resorts, and farmland. The storm's central pressure is likely to have fallen below the threshold that would trigger a $150 million catastrophe bond designed to offset weather-related losses through the capital markets. According to CNBC, the government of Jamaica's $150 million cat bond was structured by insurance broker Aon using the International Bank for Reconstruction and Development's "capital at risk" program and could be triggered as soon as next month. For the island nation's government to receive funds, the storm's central pressure must be less than 900 millibars upon landfall. Early indications from the National Hurricane Center show t...

The bond, structured by Aon, is designed to help Jamaica rebuild after natural disasters by providing parametric coverage against losses from named storms....

Jamaica's Catastrophe Bond Faces Trigger Risk As Devastating Hurricane Melissa Nears Landfall Hurricane Melissa is expected to make landfall in Jamaica today as a devastating Category 5 storm. Prime Minister Andrew Holness warned that no Caribbean nation could withstand such a powerful force. Now, the catastrophe bond (cat bond) market that provides coverage for the Government of Jamaica is in focus, amid the risk of triggering. The NHC said Hurricane Melissa is forecast to make landfall on the southern coast of Jamaica with maximum sustained winds of 175 mph and torrential downpours expected to produce 15 to 30 inches of rain, with up to 40 inches possible in isolated areas. Storm surge could reach as high as 13 feet along Jamaica's south coast. Inland regions face a high risk of flooding and deadly landslides. "Hour by hour, it is becoming apparent that the impact of Hurricane Melissa will be greater than the impact of Hurricane Beryl, certainly in terms of rainfall and flooding,"...