Grand Cayman, Cayman Islands, September 19, 2017. CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) announced today that since its inception in 2007, it has made payouts of a little more than US$100 million to 12 of its 17 member countries – all within 14 days of the event. The US$100 million mark was reached following payouts under the excess rainfall policy of three countries – Anguilla, Turks & Caicos Islands and The Bahamas – as a result of rainfall from Hurricane Irma.
Grand Cayman, Cayman Islands, September 12, 2017 – CCRIF will make payments totalling US$29.6 million to 6 Caribbean governments impacted by Hurricane Irma under their tropical cyclone insurance policies.
Grand Cayman, Cayman Islands, September 7, 2017 – CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) will be making payouts totalling approximately US$15.6 million (EC$42 million) to the Governments of Antigua & Barbuda, Anguilla and St. Kitts & Nevis as a result of the passage of Hurricane Irma which triggered payments on these countries’ Tropical Cyclone policies. Preliminary calculations of the payouts for each country are: (see attached PDF)
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 country’s Tropical Cyclone policy. The payment was made on December 9th – 14 days after the passage of the hurricane.
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. This is the largest payment ever made by CCRIF for a single event - with total payouts to Haiti representing approximately 46% of all payments made by CCRIF since its inception in 2007.