Caribbean Catastrophe Risk Insurance Facility news

The recently completed World Bank issued catastrophe bond transaction, which saw the bank leverage its own structured bond issuance platform to sell a cat bond to investors is an important step for public sector catastrophe bond sponsors, said GC Securities.

The World Bank (WB) has approved a $24 million loan transaction that enables Honduras and Nicaragua to enter into the Caribbean Catastrophe Risk Insurance Facility (CCRIF).

The World Bank has hailed the successful issuance of the first catastrophe bond notes through its newly created Capital-at-Risk Notes Program, which resulted in the World Bank – CCRIF 2014-1 cat bond we covered last week.

We’ve sourced some further details on the $30m Caribbean hurricane and earthquake linked catastrophe bond transaction issued by the World Bank on behalf of the Caribbean Catastrophe Risk Insurance Facility (CCRIF).

The World Bank has issued (perhaps directly sponsored) its first catastrophe bond, according to reports, in a $30m deal designed to provide hurricane and earthquake reinsurance protection to the Caribbean Catastrophe Risk Insurance Facility (CCRIF).

The Caribbean Catastrophe Risk Insurance Facility (CCRIF), the parametric insurance and catastrophe risk pooling facility for Caribbean countries, is considering catastrophe bonds and collateralized reinsurance as part of its risk transfer, according to its CEO.

The Caribbean Catastrophe Risk Insurance Facility (CCRIF), which was the world’s first multi-country catastrophe risk pooling mechanism, is seeking to expand to include Latin American countries and has approached the World Bank for support.

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) is broadening its reach with its first venture into personal insurance products and is supporting trials of a parametric personal weather insurance product designed to pay out to Caribbean residents after a natural disaster strikes.

All sixteen member governments of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) have renewed their hurricane and earthquake parametric insurance coverage for the 2013/2014 policy year which began on the 1st June. All members benefit from a premium discount for the upcoming policy year.

Roll-out has begun for a long-awaited excess rainfall parametric insurance product from the Caribbean Catastrophe Risk Insurance Facility (CCRIF), the catastrophe risk pooling facility who provide parametric based disaster insurance cover to Caribbean countries. The product has been in development for a number of years but the CCRIF is now in discussion with the donors […]