News

Kingston, Jamaica, 7 June, 2011 – The University of the West Indies marked the inauguration of the UWI-CCRIF Scholarship Programme in a handover ceremony held at the Mona campus on 26 May, 2011. In the first year of the programme, the Caribbean Catastrophe Risk Insurance Facility (CCRIF) has provided scholarships worth US$49,000 to six students at the University who are pursuing study in areas related to disaster management.

Grand Cayman, 9 March, 2011 - The Caribbean Catastrophe Risk Insurance Facility (CCRIF) is pleased to announce the appointment of Guy Carpenter & Company, LLC as the new Placing Broker for the Facility.  

Grand Cayman, 17 November, 2010 – Today, the Caribbean Catastrophe Risk Insurance Facility (CCRIF) completed insurance payments to the Governments of Barbados, Saint Lucia and St. Vincent & the Grenadines following the passage of Tropical Cyclone Tomas which passed close to these islands on 30 and 31 October, 2010.  CCRIF released to each country 50% of their payouts on 7 November, seven (7) days after the storm’s passage – well before the end of the customary 14-day waiting period – to facilitate requests from the three countries.

16 September, 2010 – Today, the Caribbean Catastrophe Risk Insurance Facility (CCRIF) paid the Government of  Anguilla US$4,282,733 following the passage of Tropical Cyclone Earl which passed close to the island on 30 August, 2010.  This amount was due to the Government  based on its catastrophe insurance policy for hurricanes which forms part of the country’s disaster risk management strategy.   The value represents almost 20 times the annual premium of US$225,000 that the Government pays for hurricane coverage.

Grand Cayman, 31 August, 2010 – The Caribbean Catastrophe Risk Insurance Facility (CCRIF) is preparing to make a payout to the Government of Anguilla as a result of Tropical Cyclone Earl which passed close to Anguilla and other islands in the northeastern Caribbean as a major hurricane yesterday.