CCRIF and CIMH Provide Support for Haiti in its Reconstruction Efforts
As efforts in Haiti start focusing on providing shelter for earthquake survivors, on the re-building and reconstruction process, and on...read more
Sunday, January 31, 2010
Haitian Government receives US$7.75M CCRIF payout
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) today paid the Government of Haiti US $7,753,579 following the Magnitude 7.0 earthquake...read more
Wednesday, January 13, 2010
CCRIF Ready for Haiti Payout after Earthquake
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) is preparing to make a payout to the Government of Haiti as a...read more
Tuesday, January 12, 2010
CCRIF Monitors Earthquake in Haiti
9pm EST, January 12, 2010 - A large earthquake struck close to Port-au-Prince, Haiti late this afternoon. The current United...read more
Monday, January 11, 2010
Quarterly Report - September to November 2009
This report, for the period 1 September - 30 November, 2009, is the second quarterly report in the 2009/2010 fiscal...read more
Monday, January 11, 2010
CCRIF Booklet
A Collection of Technical Papers and Articles ...read more
October 30, 2009 - The Caribbean Catastrophe Risk Insurance Facility announces the publication of the first issue of CCRIF News,...read more
Monday, October 12, 2009
CCRIF Newsletter
"CCRIF NEWS" - Volume 1, Number 1, - September 2009 ...read more
Wednesday, September 23, 2009
Caribbean Nations to Benefit from New Technical Assistance Programme in Natural Hazards Risk Management
September 23, 2009 - Students studying risk management and natural hazards-related subjects will soon benefit from scholarships to be offered...read more
Friday, September 18, 2009
The CCRIF Model - A Unique Climate Change Adaptation Strategy
September 14, 2009 - An important new publication, Climate Sense, was launched at the World Climate Conference-3 (WCC-3) on August...read more
Thursday, August 20, 2009
Caribbean Agencies Create Partnership for Natural Disaster Management
August 19, 2009 - The small island developing states that constitute the Caribbean region are prone to the two main...read more
Friday, July 31, 2009
CCRIF contributes to AOSIS Climate Change Negotiating Strategy Preparation
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) is assisting the Alliance of Small Island States (AOSIS) climate change negotiating team...read more
Wednesday, July 29, 2009
CCRIF Contributes to Discussion on Economics of Climate Adaptation
July 24, 2009 -A collection of leading scientists, economists and analysts gathered on July 9 & 10 at the Economics...read more
Wednesday, June 24, 2009
CCRIF presents Climate Change and Caribbean Economies: Implications, Adaptation and Risk Management Briefing
Against the background of the impending Atlantic Hurricane Season, the Caribbean Catastrophe Risk Insurance Facility (CCRIF) today released a briefing...read more
Tuesday, June 02, 2009
Caribbean Governments Renew Catastrophe Cover
All 16 Caribbean member governments renewed their catastrophe policies with the Caribbean Catastrophe Risk Insurance Facility for the 2009/10 policy...read more
Thursday, April 02, 2009
European Union donates Euro12.5 Million to the CCRIF
The European Union has joined the CCRIF's 16 member governments, Canada, the World Bank, the United Kingdom, Bermuda, Ireland, France...read more
Monday, January 19, 2009
International Aid & Trade 2009
International Aid and Trade which aims to build partnerships for effective humanitarian relief is specifically focused on procurement and logistics...read more
Tuesday, November 04, 2008
CCRIF to Host Workshop on Parametric Insurance and New Product Developments/Modelling
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) will host a workshop on parametric insurance and new product developments, as part...read more
Tuesday, October 14, 2008
TURKS AND CAICOS GOVERNMENT RECEIVES PAYOUT FROM CARIBBEAN CATASTROPHE RISK INSURANCE FACILITY
First ever CCRIF hurricane payout from multi-country risk pool ...read more
Tuesday, September 09, 2008
Hurricane Ike Triggers CCRIF's First Hurricane Payout
Turks and Caicos government to receive US$6.3M to aid in recovery
...read more
Thursday, September 04, 2008
Caribbean Catastrophe Risk Insurance Facility named Re/Insurance Initiative of the Year
Jamaican High Commissioner to the United Kingdom
His Excellency the Honourable Burchell Whiteman O.J. accepts award on behalf of the...read more
Wednesday, June 11, 2008
CCRIF Member Governments Renew Catastrophe Risk Insurance Coverage for 2008 Hurricane Season
The 16 member countries of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) have renewed their 2008 policies, ensuring that they...read more
Monday, April 07, 2008
CARICOM and Caribbean Development Bank representatives appointed to the CCRIF board
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) announced the appointment of Isaac Anthony and Dr. Warren Smith to its board...read more
Thursday, February 21, 2008
CCRIF Announces Changes for 2008 Renewal
The CCRIF is constantly in dialogue with our government members, taking suggestion on what to include for our 2008 renewal...read more
Friday, December 05, 2008
Caribbean Catastrophe Risk Insurance Facility receives further industry recognition
London, England, December 5, 2008 ― The awards keep pouring in for the CCRIF.
At the Insurance Day London Market Awards 2008 held on December 4, the world’s first and only multi-nation catastrophe risk fund, the Caribbean Catastrophe Risk Insurance Facility, was named Transaction of the Year. This award comes hot on the heels of the CCRIF receiving the honour of Re/Insurance Initiative of the Year at the 2008 Review Worldwide Reinsurance Awards.
Accepting the award on behalf of the facility was Nick Moss from Aon Benfield – the CCRIF’s reinsurance broker.
Dominic Christian, Chief Executive Officer of Aon Benfield International said that the transaction could serve as a template for developing catastrophe risk insurance in other regions.
“Although it has been said time and again about this facility, the CCRIF is really an insurance pioneer, from the concept to the risk transfer process, the facility has utilized innovative means to launch a well needed product,” he added. “It is our hope that the CCRIF’s success will lead to the development of similar products in regions that would benefit most from it.”
The winners of Insurance Day London Market Awards are selected by a judging panel which includes leading London finance companies such as Lloyd’s, Swiss Re and Barclay’s Commercial Bank.
“We’ve really focused our efforts this past year on making sure that we keep attuned to the needs of our member governments, and although there is plenty yet to be done, we are thankful for the confidence displayed in the facility by the London market,” Simon Young, CEO of CaribRM, Facility Supervisor said.
About the CCRIF: The CCRIF is the first multi-country risk pool in the world, and is also the first insurance instrument to successfully develop a parametric policy backed by both traditional and capital markets. It is a regional insurance fund for Caribbean governments designed to limit the financial impact of catastrophic hurricanes and earthquakes to Caribbean governments by quickly providing financial liquidity when a policy is triggered.
Sixteen countries are currently members of the fund: Anguilla, Antigua&Barbuda, Bahamas, Barbados, Belize, Bermuda, Cayman Islands, Dominica, Grenada, Haiti, Jamaica, St. Kitts & Nevis, St. Lucia, St. Vincent & the Grenadines, Trinidad & Tobago and the Turks and Caicos Islands. In September the CCRIF paid out approximately US$6.3M to the government of the Turks and Caicos Islands in the aftermath of Hurricane Ike. For more information: http: www.ccrif.org.
