That Catastrophe Bond

[malaise]

https://www.cbc.ca/news/science/jamaica-hurricane-melissa-bond-finance-9.6958943

How Jamaica took out an insurance policy for itself, and why it’s about to pay off after Hurricane Melissa

$150M US ‘catastrophe bond’ issued last year headed to full payout, will provide Jamaica immediate help


https://www.worldbank.org/en/news/statement/2025/10/31/world-bank-group-statement-on-support-for-jamaica

Our thoughts are with the people of Jamaica as they face the devastating impact of Hurricane Melissa. We are working closely with the Government of Jamaica and international partners, including the Inter-American Development Bank, to carry out a rapid post-disaster damage assessment and help guide immediate relief and recovery efforts.

Jamaica has developed one of the most advanced and comprehensive disaster risk financing systems in the Caribbean, serving as a model for preparedness and resilience across the region. This strong foundation will be critical in ensuring a swift and coordinated response to the hurricane’s impacts.

A broad package of World Bank Group assistance is ready to be mobilized — combining quick-disbursing emergency finance, likely payout in connection with a World Bank catastrophe bond, the redeployment of existing project funds, and targeted private-sector support through the International Finance Corporation, the WBG’s private sector arm. Our teams are also prepared to provide technical advice and implementation support to help Jamaica recover and rebuild stronger, ensuring that reconstruction efforts contribute to long-lterm resilience and sustainable growth.

Good explantation here

https://ici.radio-canada.ca/rci/en/news/2203183/how-jamaica-took-out-an-insurance-policy-for-itself-and-why-its-about-to-pay-off-after-hurricane-melissa#:~:text=Jamaica's%20%24150%2Dmillion%20US%20catastrophe,cat%20bond%20issue%20for%20Jamaica.

[erronis]

1. That's some good news from the disaster. Jamaica understands being prepared.

Unlike a much larger northern country.

[malaise]

2. Yep

This bet paid off - we lost the earlier one last year- you have to reach catastrophe figures.

[FoxNewsSucks]

12. Well, we used to understand that importance

It's just that one fucking party of greed that doesn't give a damn.

[malaise]

17. More

https://thedocs.worldbank.org/en/doc/401877c87631461af8ad227793affc5f-0340012025/original/Case-Study-Jamaica-2024-Cat-Bond.pdf

Nigel did well. He resigned as Minister of Finance and went to work for the IMF as Deputy Managing Director.

https://en.wikipedia.org/wiki/Nigel_A._L._Clarke

[Bernardo de La Paz]

3. Good news bc I haven't heard of tRUmp lifting a finger yet, or flapping his lips, even hurtfully. . . . nt

[malaise]

4. There is US assistance

https://jis.gov.jm/us-sends-helicopters-to-assist-disaster-relief/

[Bernardo de La Paz]

5. Good to know. Thank you and I wish Jamaica a full and speedy recovery. . . nt

[mountain grammy]

7. Good to see this

Are there any local aid groups you would recommend donating to? Do you know how the Long Bay Area fared?

[malaise]

8. One of my best friends is from Portland

They escaped the worst

[mountain grammy]

9. Thank goodness.

The most beautiful place ❤️. Stayed in a little cottage on a hill overlooking the ocean. Great fish fry at the local bar. Oh how I miss my cousin.

[malaise]

10. We are donating to the folks in Treasure beach

This one is trusted
https://bredsfoundation.org/

I’m asking decent folks where is the best for Eastern Westmoreland - looks like Whitehouse got the worst of it.

[mountain grammy]

16. Thank you.

Stay safe Malaise.

[malaise]

11. I love Portland

Don’t go there as often as we did in the past

[mountain grammy]

18. I did too

My cousin knew quite a few people there. Fun day trip to Port Antonio, loved it. 😎

[malaise]

19. Do you know the Quaker history in Portland?

https://jamaica-gleaner.com/article/news/20170422/story-quakers-part-iv-jamaica-connection

[mountain grammy]

20. Fascinating. Thanks for the history lesson

I didn’t know that about Portland.

[mercuryblues]

23. Mine are still there

They keep getting bumped off flights out. They have run out of medication, maybe they will be considered priority, finally.

[malaise]

24. Are you serious?

Lots of problems in Mobay

[mercuryblues]

25. Yup.

They are a lot like me. When I go somewhere, I always bring at least 3-5 days extra meds.

What is wrong with trumplesthinforskin. He would rather send destroyers to the Caribbean, than the USS Comfort or to pick up Americans and bring them home.

[malaise]

26. I think they'll get out early this week as more US aircraft arrived with supplies

Many other countries are using these aircraft to help their citizens get off the island.

[mercuryblues]

27. I hope they just get home.

I'm wondering if they'll go back next year.

[GiqueCee]

6. Even if Trump does offer some aid...

... which I think is doubtful, given his blatant racism, you can be sure it will come with strings attached. Everything is transactional with him.He is devoid of honor or even the most microscopic trace of common human decency.

[FoxNewsSucks]

13. Glad you're OK, be ready to duck

if Krasnov tries to pelt you all with paper towels. He's not good for much else.

[malaise]

14. ROFL

😀

[surfered]

15. If you want to help Jamaica, here's one way.

Looking to you Malaise for your recommendation.

https://supportjamaica.gov.jm/

[spanone]

21. Briliant thinking!!!!!

K&R

[malaise]

22. A good read

https://www.bloomberg.com/features/2024-jamaica-hurricane-catastrophe-bonds/

[malaise]

28. 100% payout

https://www.worldbank.org/en/news/press-release/2025/11/07/hurricane-melissa-triggers-100-payout-of-150-million-world-bank-catastrophe-bond-for-jamaica?intcid=ecr_hp_sidekick3_en_ext

Hurricane Melissa triggers 100% payout of $150 million World Bank Catastrophe Bond for Jamaica