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The Nexus
BUSINESSJul 3 · 18:12 UTCTHE RIO TIMESValentina Gómez

Jamaica Buys Its Biggest Storm Bond Yet After Melissa Paid Out in Full

Jamaica secured a $200 million parametric hurricane bond in May 2025 through a World Bank-facilitated catastrophe bond, its largest to date. The previous bond paid out $150 million in full after Hurricane Melissa struck in October 2025 but did not pay out following Hurricane Beryl in 2024.

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JamaicaplaceWorld BankorganizationHurricane MelissatopicHurricane Beryltopiccatastrophe bondtopic
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