Hurricane Melissa set to trigger $150 million Jamaica catastrophe bond to help rebuild

https://www.cnbc.com/2025/10/30/hurricane-melissa-set-to-trigger-150-million-jamaica-catastrophe-bond-to-help-rebuild.html?__source=reddit|main

by cnbc_official

2 comments

  1. Hurricane Melissa, the most powerful Atlantic hurricane of the year, made landfall this week as a Category 5 storm in Jamaica. The strength of the storm means it will likely trigger a full payout from a catastrophe bond designed to provide funds to the island in the event of catastrophic weather events.

    The $150 million catastrophe bond, structured by Aon, is intended to help the island’s people rebuild after natural disasters by providing Jamaica parametric coverage against losses from named storms. The policy took effect this year and lasts through 2027.

    Read more: [https://cnb.cx/4oJsD38](https://cnb.cx/4oJsD38)

  2. In today’s world, $150m does not seem like it is a lot of money to help out.

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