A rare thing is about to happen in the $55 billion market for catastrophe bonds: a trigger event will wipe...
Hurricanes News
Investors in Jamaica’s catastrophe bond now face a 100% payout after Hurricane Melissa set off a full trigger event, according...
The Caribbean parametric insurer, CCRIF SPC, announced it will make a second payout of US$21.1 million to the government of...
Catastrophe modeling company KCC estimates that privately insured losses from Hurricane Melissa will hit $2.4 billion. This estimate includes insured...
Hurricane Melissa became the most powerful storm on record to strike Jamaica in part because of water made hotter and...
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) announced it will make a payout of US$70.8 million to the government of...
Insured losses from Hurricane Melissa’s strike on Jamaica are expected to range between $2.2 billion and $4.2 billion, according to...
Jamaica’s catastrophe bond has now triggered as a result of the fallout from Hurricane Melissa, the government said. “Over the...
The wreckage caused by Hurricane Melissa in Jamaica is expected to cost insurers $1 billion to $3 billion, according to...
Hurricane Melissa is forecast to dissipate in the Atlantic Ocean next week, bringing wet and windy weather to northern Europe...