CCRIF SPC Logo

Now Accepting Applications CCRIF Scholarship Programmes CCRIF Internship Programme CCRIF Small Grants Programme

2016

CCRIF Pays Nicaragua US$1.1 Million after Hurricane Otto

Grand Cayman, Cayman Islands, December 12, 2016 - CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) made a payout of US$1,110,193 to the Government of Nicaragua as a result of the passage of Hurricane Otto which triggered a payment on the countryís Tropical Cyclone policy. The payment was made on December 9th ñ 14 days after the passage of the hurricane.

English

Government of Haiti helps 1.4 million persons affected by Hurricane Matthew with CCRIF’s Payouts

November 7, 2016. Port-au-Prince, Haiti - Today the CEO of CCRIF SPC, Mr. Isaac Anthony met with Haiti’s Minister of Finance, Hon. Yves Bastien and his advisors to discuss the recent payouts of US$23.4 million to Haiti made under the country’s tropical cyclone and excess rainfall policies, as a result of Hurricane Matthew’s passage through that country last month.
English

CCRIF Completes Payments totalling US$29 million to Member Governments Affected by Hurricane Matthew

Grand Cayman, Cayman Islands, October 20, 2016 – On Monday October 17, CCRIF SPC completed payments totalling US$29,204,248 to the four CCRIF member countries affected by Hurricane Matthew. These payouts were made to Haiti, Barbados, Saint Lucia and St. Vincent & the Grenadines on their Tropical Cyclone and/or Excess Rainfall insurance policies – all within 14 days of the end of the event.
 
English

CCRIF to Pay Additional US$8 Million to Member Governments Affected by Hurricane Matthew

Grand Cayman, Cayman Islands, October 12, 2016 – CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) is now preparing to make additional payouts totalling almost US$8 million to CCRIF member countries. These payouts will be made to Haiti, Barbados, Saint Lucia and St. Vincent & the Grenadines as a result of the heavy rains from Hurricane Matthew, which triggered payments on these countries’ Excess Rainfall policies.

English

CCRIF Ready to Pay Haiti a little over US$20 Million Following Passage of Hurricane Matthew

Grand Cayman, Cayman Islands, October 6, 2016 – CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) is preparing to make a payout to the Government of Haiti as a result of the passage of Hurricane Matthew which triggered a payment on the country’s Tropical Cyclone policy. Based on preliminary calculations, Haiti will receive a little over US$20 million – the largest payment ever made by CCRIF. This was revealed this afternoon by CCRIF Chairman Mr. Milo Pearson at the IMF/World Bank Group Annual Meetings.

English

CCRIF Invests US$140,000 in Regional Internship Programme - places 45 interns

Grand Cayman, Cayman Islands, September 16, 2016 Through the CCRIF Regional Internship Programme, recent university graduates and young professionals throughout the Caribbean now have an opportunity to enhance their work experience in disaster risk management. Since the launch of the programme in 2015, CCRIF has placed 45 interns at 18 national and regional organizations, investing over US$140,000 so far in these young persons. These interns are citizens from 8 Caribbean countries. 

English

CCRIF makes US$260,000 payout to Belize for rains associated with Hurricane Earl

Grand Cayman, Cayman Islands, August 22, 2016 – On August  18, CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) made a payout of US$261,073 to the Government of Belize under its excess rainfall insurance policy, as a result of heavy rains that affected the country on August 4 & 5 during Hurricane Earl. CCRIF’s prompt payment to the Government demonstrated its commitment to provide policy payouts within two weeks after a qualifying hazard event. 

English

World Bank Press: European Commission and World Bank Sign Agreement on Catastrophe Risk Insurance for Caribbean and Central American countries

WASHINGTON, April 15, 2016 - The European Commission and the World Bank signed today a Euro 14 million agreement to be executed by the Multi-Donor Trust Fund (MDTF) to facilitate access to low cost, high quality catastrophe risk insurance for the governments of Central American countries and the Dominican Republic.  Full details attached.

English

Our Members

Back to Top