Most Recent Press Releases
The Valley, Anguilla, October 29, 2014
Grand Cayman, Cayman Islands, October 27, 2014 – CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) is preparing to make a payout of approximately half a million US dollars to the Government of Anguilla under its excess rainfall insurance policy, as a result of heavy rains that affected the country during Hurricane Gonzalo.
Grand Cayman, Cayman Islands, August 4, 2014 – The Caribbean Catastrophe Risk Insurance Facility (CCRIF) is pleased to announce that eight of its members have become the first countries to purchase its excess rainfall insurance coverage – for the 2014/2015 policy year.
Grand Cayman, Cayman Islands, July 8, 2014 – The sixteen member countries of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) will benefit from the first ever catastrophe (“cat”) bond issued by the World Bank (International Bank for Reconstruction and Development). This US$30 million transaction is the first of the World Bank’s newly created Capital-at-Risk Notes Program and will address earthquake and tropical cyclone risk in the CCRIF member countries.
Grand Cayman, Cayman Islands, April 8, 2013 – The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has expanded its scholarship programme to include Caribbean universities – in addition to those in the United States, United Kingdom and Canada, previously available under the CCRIF Extra-Regional Scholarship Programme. CCRIF now invites applications for its new CCRIF Scholarship Programme for 2014.