Jamaica Catastrophe Bondholders Now Face Full Trigger Event

US Air Force Crew Flies Through Hurricane Melissa

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By Gautam Naik

October 28, 2025 at 3:46 PM UTC

Updated on

October 28, 2025 at 5:43 PM UTC

Investors in Jamaica’s catastrophe bond now face a full trigger event that would force payment of the entire $150 million bond to help the island deal with fallout from Hurricane Melissa.

That’s according to Florian Steiger, chief executive of Icosa Investments AG, a Swiss investment firm specializing in alternative fixed-income strategies.