Jamaica's Catastrophe Bond Faces Trigger Risk As Devastating Hurricane Melissa Nears Landfall

Jamaica Catastrophe Bondholders Headed for ‘Full’ Trigger Event

Investors in Jamaica’s catastrophe bond now face a potential full payout scenario, meaning the entire value of the bond will likely go toward covering the cost of Hurricane Melissa.

Jamaica's Catastrophe Bond Faces Trigger Risk As Devastating Hurricane Melissa Nears Landfall

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…

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30: Hurricane Melissa, which was upgraded over the weekend to a Category 5 storm, is expected to hit Jamaica on Monday and bring 30 inches of rain and 165-mph winds, in what will be one of the most intense storms to ever hit the island. Widespread power outages and communication problems are expected. The hurricane is expected to pass over Cuba and the Bahamas over the next couple of days.160,000: Al-Qaeda-linked insurgents are blocking shipment…

Jamaica Catastrophe Bondholders Headed for 'Full' Trigger Event

Investors in Jamaica's catastrophe bond now face a potential full payout scenario, meaning the entire value of the bond will likely go toward covering the

Jamaica cat bond marked down. Hurricane Melissa forecast for intense major landfall - Artemis.bm

Jamaica's $150 million IBRD CAR Jamaica 2024 parametric World Bank catastrophe bond has been marked down on secondary pricing sheets and the US National