News

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.

The Valley, Anguilla – The Department of Disaster Management (DDM) has benefitted again from the Caribbean Catastrophic Risk Insurance Fund (CCRIF). Ms Stephanie Sewell an intern recruited under the CCRIF Regional Internship Programme, has been assisting with the development of a number of plans and proposals, over the past two (2) months.

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. 

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. 

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.