News Brief
Summary
Hurricane Melissa, a Category 5 storm, is expected to trigger a full $150 million payout from a catastrophe bond arranged by Aon for Jamaica. This parametric insurance is designed to provide rapid funds for rebuilding after major natural disasters.
Key Points
- Event: Hurricane Melissa, the strongest Atlantic hurricane this year, made landfall in Jamaica as a Category 5 storm.
- Financial Instrument: A $150 million catastrophe bond, structured by Aon, provides parametric coverage for named storms.
- Trigger: Full payout requires the storm’s central pressure to be at or below 900 millibars upon landfall. Early data indicates this criteria was met in several areas.
- Significance: Jamaica is the first Caribbean government and first small island state to independently sponsor such a bond.
- Payout Timeline: Verification is underway and could take 2-3 weeks, with the earliest payout possible in about one month, accelerated by innovative data sources.
- Context: This event highlights the value of parametric insurance for rapid disaster relief, especially after Jamaica narrowly missed a payout from a different cat bond during Hurricane Beryl in 2024.
新闻简报
总结
五级飓风”梅丽莎”预计将触发怡安集团为牙买加安排的1.5亿美元巨灾债券的全额赔付。这种参数化保险旨在为重大自然灾害后的重建工作提供快速资金。
关键点
- 事件: 今年最强的北大西洋飓风”梅丽莎”以五级强度在牙买加登陆。
- 金融工具: 由怡安集团构建的1.5亿美元巨灾债券，为命名风暴提供参数化保险覆盖。
- 触发条件: 全额赔付要求风暴在登陆时中心气压达到或低于900毫巴。早期数据显示多个区域符合此标准。
- 意义: 牙买加是加勒比地区首个、也是所有小岛屿国家中首个独立发起此类债券的政府。
- 赔付时间: 验证工作正在进行，可能需要2-3周，最早大约一个月内可以支付，创新数据源的使用加速了这一过程。
- 背景: 此事件凸显了参数化保险在快速救灾方面的价值，尤其是在牙买加在2024年飓风”贝雷尔”袭击期间因 narrowly 未能满足另一巨灾债券的赔付要求之后。
Original Article Link: https://www.cnbc.com/2025/10/30/hurricane-melissa-set-to-trigger-150-million-jamaica-catastrophe-bond-to-help-rebuild.html