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

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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. ....

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

World Bank catastrophe bond provides Jamaica $185 million in storm protection - Jamaica
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United States , World Bank , District Of Columbia , United Kingdom , Heike Henn , Jean Louis Monnier , Nigel Clarke , Wasif Ahmad , Paul Schultz , Jingdong Hua , Jason Fraser , Carlos Felipe Jaramillo , World Bank International , Insurance Program , German Federal Ministry For Economic Cooperation , United States Agency For International Development , Sustainable Urban Development , Insuresilience Global Partnership , World Bank Disaster Risk Financing , Public Service , United States Agency Of International Development , World Bank Disaster Protection Program , International Bank , Caribbean Catastrophe Risk Insurance Facility , Vice President , Felipe Jaramillo ,

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

World Bank Catastrophe Bond Provides Jamaica $185 Million in Storm Protection
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United States , United Kingdom , Heike Henn , Nigel Clarke , Jean Louis Monnier , Wasif Ahmad , Paul Schultz , Jingdong Hua , Jason Fraser , Carlos Felipe Jaramillo , World Bank International , International Bank , German Federal Ministry For Economic Cooperation , Insurance Program , Pension Fund , World Bank , World Bank Catastrophe Bonds Investor Distribution , United States Agency For International Development , Sustainable Urban Development , Insuresilience Global Partnership , World Bank Disaster Risk Financing , Public Service , World Bank Disaster Protection Program , United States Agency Of International Development , Caribbean Catastrophe Risk Insurance Facility , Vice President ,

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.

United States , United Kingdom , World Bank , District Of Columbia , Heike Henn , Jean Louis Monnier , Nigel Clarke , Wasif Ahmad , Paul Schultz , Jingdong Hua , Jason Fraser , Carlos Felipe Jaramillo , World Bank International , Insurance Program , German Federal Ministry For Economic Cooperation , Pension Fund , World Bank Catastrophe Bonds Investor Distribution , United States Agency For International Development , Sustainable Urban Development , Insuresilience Global Partnership , World Bank Disaster Risk Financing , Public Service , United States Agency Of International Development , World Bank Disaster Protection Program , International Bank , Caribbean Catastrophe Risk Insurance Facility ,

US donates J$13m hospital emergency equipment in response to COVID-19

US donates J$13m hospital emergency equipment in response to COVID-19
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