2017 Atlantic tropical storm season


CCRIF to pay $19.3m to Dominica for hurricane Maria impact

Hurricane Maria has triggered the Caribbean island of Dominica's parametric insurance coverage from the CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility), resulting in a payout to the country of almost US $19.3 million.It's the latest payout the CCRIF is set to make due to the severe 2017 hurricane read the full article →

CCRIF parametric payouts on Hurricane Irma reach $31.2m

The CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) has announced that its payouts made to Caribbean governments due to the impacts of hurricane Irma will reach $31.2 million, while the facility has now passed $100 million of payouts to members since its launch.All of the $100 million of read the full article →

Turks & Caicos parametric CCRIF policy to payout $13.6m on Irma

The CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) is set to payout $13.6 million to the Turks & Caicos islands, after their parametric hurricane wind insurance policy was triggered by hurricane Irma's recent devastating path through the Caribbean.Hurricane Irma battered the Caribbean, causing widespread destruction on its path read the full article →

Live cat trades at $80 bn on hurricane Irma threat

The market for live cat (live catastrophe) trading and protection buying saw a little activity yesterday, as hurricane Irma continued its approach towards Florida, with at least one trade completed with an industry loss trigger of $80 billion reported to Artemis this morning, and a few other deals getting done.The read the full article →