Grand Cayman, Cayman Islands, June 25, 2012 – The Caribbean Catastrophe Risk Insurance Facility (CCRIF) is pleased to announce the retention of Sagicor Insurance Managers Ltd. (Sagicor) as insurance manager for the Facility for the next three years, commencing June 1, 2012. CCRIF was launched in June 2007 as a regional insurance fund with sixteen Caribbean countries as members and policy holders.