KINGSTON, Jamaica — The World Bank on Tuesday issued a catastrophe bond providing the Government of Jamaica with US$200 million in insurance coverage against hurricanes. The bond, which was provided through the International Bank for Reconstruction and Development (IBRD), replaces the previous catastrophe bond, which provided US$150 million in coverage and was fully paid out in 2025 following the impact of Hurricane Melissa on the island in October 2025. In...