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World Bank Catastrophe Bond Provides Jamaica $185 Million in Storm Protection

Share Washington – The World Bank (International Bank for Reconstruction and Development, or IBRD) priced a catastrophe bond that will provide the Government of Jamaica with financial protection of up to US $185 million against losses from named storms for three Atlantic tropical cyclone seasons ending in December 2023. The government of Jamaica is the first government in the Caribbean region, and the first of any small island state, to independently sponsor a catastrophe bond, also known as a cat bond. Jamaica was one of the sixteen countries in the Caribbean Catastrophe Risk Insurance Facility that benefitted from IBRD’s first ever cat bond in 2014.

World Bank catastrophe bond provides Jamaica $185 million in storm protection - Jamaica

World Bank catastrophe bond provides Jamaica $185 million in storm protection - Jamaica
reliefweb.int - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reliefweb.int Daily Mail and Mail on Sunday newspapers.

Latest civil service & public affairs moves — July 19

Latest civil service & public affairs moves July 19 New appointments in the civil service, UK politics, and public affairs, via our colleagues at Dods People CSW Government departments Cabinet Office: Commissioner for Public Appointments – William Shawcross CVO has been confirmed as the Prime Minister s preferred candidate for the role; Committee on Standards in Public Life – Professor Gillian Peele and Ewen Fergusson appointed members from 1 August. Ministry of Defence: UK Hydrographic Office – Marion Leslie appointed Interim Non-Executive Chair replacing Adam Singer who has stepped down from the post on retirement. Department for Digital, Culture, Media and Sport: Reviewing Committee on the Export of Works of Art – Professor Mark Hallett and Dr Tim Pestell appointed as Members for four years from 13 August to 12 August 2025; UK Anti-Doping – Trevor Pearce re-appointed as Chair for four years from 23 February to 22 February 2025; Mark Foster and Suman Ziaulla

World Bank Catastrophe Bond Provides Jamaica $185 Million in Storm Protection

World Bank Catastrophe Bond Provides Jamaica $185 Million in Storm Protection
miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.

World Bank catastrophe bond provides Jamaica $185 million in storm protection - Jamaica

World Bank catastrophe bond provides Jamaica $185 million in storm protection - Jamaica
reliefweb.int - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reliefweb.int Daily Mail and Mail on Sunday newspapers.

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