Hurricane Melissa, the most powerful Atlantic hurricane of the year, made landfall this week as a Category 5 storm in Jamaica. The strength of the storm means it will likely trigger a full payout from a catastrophe bond designed to provide funds to the island in the event of catastrophic weather events.The $150 million catastrophe bond, structured by Aon, is intended to help the island's people rebuild after natural disasters by providing Jamaica parametric coverage against losses from named storms. The pol ...