It is the country's third catastrophe bond and specialist ILS funds were the main supporters of the deal
Jamaica secures one-third upsized $200m cat bond
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Jamaica secures $200m of parametric hurricane insurance with third catastrophe bond
 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.
It marks Jamaica’s third successful sponsorship of a catastrophe bond and also the largest amount of protection it has secured from the capital markets, in cat bond form, to-date.
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