The Caribbean Catastrophe Risk Insurance Facility (CCRIF), launched in June 2007, reached its second anniversary at the beginning of this quarter. This report, for the period 1 June – 31 August, 2009, is the first quarterly report in the 2009/2010 fiscal year. It aims to keep stakeholders and the public fully up‐to‐date with CCRIF’s activities on a more frequent basis than our Annual Report allows.