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IMF backs calls for Caribbean catastrophe bond

The International Monetary Fund (IMF) is putting its weight behind calls for the use of catastrophe bonds to help the Caribbean nations to increase their resilience to and ability to recover from disasters, after a hurricane season that has impacted the region heavily.After the devastating impacts of hurricanes Irma and read the full article →

Caribbean regional catastrophe bond back on the agenda

Following the devastating impacts of hurricanes Irma and Maria in the Caribbean discussion has once again turned to how to secure an increased amount of parametric disaster risk financing for the region, with a regional catastrophe bond issuance rising up the agenda once again.Hurricanes Irma and Maria caused complete destruction read the full article →

Microinsurance Catastrophe Risk Organisation (MiCRO) awarded IFC funding

The Microinsurance Catastrophe Risk Organisation (MiCRO), a specialty reinsurance organisation established to provide the backing for microinsurance products through microfinance institutions in Haiti, has received $1.96m in funding from the IFC (International Finance Corporation), a member of the World Bank Group. The award includes a $1.7 million performance-based grant and read the full article →

Caribbean members renew CCRIF catastrophe insurance policies

The Caribbean Catastrophe Risk Insurance Facility (CCRIF), the non-profit multi-country catastrophe risk pooling facility who provide parametric based disaster insurance cover to Caribbean countries, have announced that all 16 of their member countries have renewed their policies for the 2012-2013 year. Cover provided by the CCRIF since 2007 includes hurricane read the full article →