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Jamaica now targets upsized $200m of parametric insurance from new catastrophe bond

The Government of Jamaica has raised the target size for its third catastrophe bond, now aiming to secure $200 million of parametric named storm and hurricane insurance protection from the World Bank facilitated IBRD CAR Jamaica 2026 issuance, market sources have told Artemis. jamaica-world-bank-catastrophe-bondJamaica returned for its third catastrophe bond sponsorship at the end of April, initially targeting $150 million of parametric named storm and hurricane protection. [...]