CCRIF Welcomes Grant of €1 million (US$1.16 million) from Irish Aid, Allowing Five Additional Caribbean Countries to Access Fisheries Insurance

Grand Cayman, Cayman Islands, November 10, 2021. CCRIF SPC is pleased to announce that the Government of Ireland – through Irish Aid – has provided €1 million (US$1.16 million) to support the rollout of COAST – CCRIF’s parametric insurance product for the fisheries sector – in five additional CCRIF member countries in the Caribbean. The Caribbean […]

CCRIF to Make US$40 Million Payout to Haiti following Devastating August 14 Earthquake

Grand Cayman, Cayman Islands, August 18, 2021. CCRIF SPC will make a payout of approximately US$40 million to the Government of Haiti following the devastating magnitude 7.2 earthquake that struck Haiti on August 14th, 2021, significantly impacting the city of Les Cayes. This payout represents the full coverage limit under the country’s parametric insurance policy […]

CCRIF Makes First Parametric Insurance Payouts of the 2021 Atlantic Hurricane Season

Grand Cayman, Cayman Islands, July 29, 2021. Following Tropical Cyclone Elsa, CCRIF made two payouts to the Government of Barbados under the country’s tropical cyclone and excess rainfall parametric insurance policies, totalling US$2.5 million. CCRIF also made payments totalling US$528,512 to three other member governments – Haiti, Saint Lucia, and St. Vincent and the Grenadines […]

CCRIF Provides US$2.2 million (EC$6 million) for Relief and Recovery Efforts Following the Eruption of the La Soufrière Volcano

Grand Cayman, Cayman Islands, April 19, 2021. CCRIF has provided financial support in the form of a grant of US$2,209,000 (approximately EC$6.0 million) to the Government of St. Vincent and the Grenadines following the eruption of the La Soufrière Volcano. According to CCRIF CEO, Mr. Isaac Anthony, “This support to the Government has been made […]