Jamaica IBRD cat bond likely a full loss as Melissa’s CP falls to 892mb
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Jamaica IBRD cat bond likely a full loss as Melissa’s CP falls to 892mb

Central pressure of 900mb or below would trigger a full loss of the $150mn deal.

By Jai Singh
October 28, 2025
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The Jamaica IBRD World Bank cat bond is expected to be a full $150mn loss after Hurricane Melissa’s minimum central pressure reached 892 millibars (mb) as it neared the island, Insurance Insider ILS understands.

The

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News Catastrophe losses ILS managers Property treaty Catastrophe bonds The World Bank
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