Grid Press Releases

CDB and CCRIF Launch Integrated Sovereign Risk Management in the Caribbean Project

Providenciales, Turks & Caicos Islands, May 25, 2017 – Today, the Caribbean Development Bank and CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) launched the Integrated Sovereign Risk Management in the Caribbean project.  This project seeks to enable all Caribbean countries to take a more proactive approach towards country risk management, moving beyond planning for natural disaster risks such as climate change and events like hurricanes and earthquakes and recognizing the intrinsic linkages between disaster risk and other types such as economic,

CCRIF provides Support to Belize to Improve National Rainfall Monitoring and Assessment

Belize City, Belize, March 23, 2017 – CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) and the Government of Belize have signed an agreement for CCRIF to provide US$100,000 to the Government to purchase 40-50 automatic weather stations that will provide the Meteorological Service of Belize with access to real-time rainfall data.

CCRIF Celebrates 10 Years of Innovation in Catastrophe Risk Insurance

Bridgetown, Barbados, February 23, 2017 – CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) launched its 10th anniversary celebrations at the Caribbean Development Bank (CDB) on February 20th under the theme “celebrating 10 years of innovation in catastrophe insurance… in the Caribbean and Central America”. 
 

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.

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.

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.