by AIP Online Bureau | Nov 11, 2025 | International News, Non-Life, Reinsurance, Risk Management
Catastrophe insurance backed by catastrophe bonds are part of the World Bank’s Crisis Preparedness and Response toolkit which provides developing countries with an innovative suite of tools to better respond to crises and prepare for future shocks. This includes fast...
by AIP Online Bureau | Oct 29, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
In its Best’s Commentary, “Jamaica’s Insured Losses From Hurricane Melissa Likely to Fall to Reinsurers,” AM Best notes thatinsurance penetration in Jamaica is low as only a small portion of property is insured on the island, which will limit insured losses....
by AIP Online Bureau | Oct 29, 2025 | Disaster & Management, Eco/Invest/Demography, International News
The hurricane is expected to result in property damages costing between $5 billion and $10 billion in Jamaica, according to an estimate by Cotality, a property intelligence company. Hurricane Melissa made landfall in Cuba less than a day after it became the strongest...
by AIP Online Bureau | Oct 29, 2025 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Depending on exactly where Melissa hits Jamaica, total losses may range from $5 billion to $16 billion, according to Chuck Watson, a disaster modeler with Enki Research. Investors in a catastrophe bond tied to Jamaica look set to experience a trigger event as...
by AIP Online Bureau | Oct 27, 2025 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Jamaica’s losses will range between $5 billion to $16 billion, depending on the exact track across the island, said Chuck Watson, a disaster modeler with Enki Research. There will likely be another $5 billion of losses in Cuba. From there, the storm is forecast to...
