Jamaica to Get 2nd Parametric Insurance Payout for Excess Rainfall From Storm Melissa November 7, 2025 The Caribbean parametric insurer, CCRIF SPC, announced it will make a second payout of US$21.1 million to the government of...
Update: Jamaica to Get Record $70.8M Parametric Payout for Hurricane Melissa November 4, 2025 The Caribbean Catastrophe Risk Insurance Facility (CCRIF) announced it will make a payout of US$70.8 million to the government of...
The Huge Profits Investors Have Made on Catastrophe Bonds Are Raising Eyebrows August 19, 2024 By Greg Ritchie and Gautam Naik A strategy that’s delivered specialist investors huge returns is now facing scrutiny, amid concerns that its risk-reward dynamics might be...
Hurricane Beryl Triggers Record Payout for Caribbean Insurer July 11, 2024 By Jim Wyss Hurricane Beryl’s path of destruction through the Caribbean last week triggered a record $44 million payout to the nation of...
Parametric Insurer CCRIF Strengthens Belize Warning Systems for Extreme Weather October 26, 2021 Parametric catastrophe insurer CCRIF continues to strengthen Belize’s early warning systems for rainfall and climate forecasting with a new grant...
Trinidad and Tobago Gets CCRIF Payment of $2.4M for August Heavy Rains, Flooding September 7, 2021 The Caribbean Catastrophe Risk Insurance Facility has made a payout of approximately US$2.4 million to the government of Trinidad and...
Parametric Catastrophe Insurer CCRIF to Make Record Payout of $40M for Haiti Quake August 19, 2021 CCRIF SPC, the Cayman Islands-based parametric catastrophe facility, will pay approximately US$40 million to the government of Haiti, following the...
Parametric Catastrophe Facility CCRIF Pays US$3.6M to Guatemala for Excess Rainfall June 23, 2020 Parametric catastrophe facility CCRIF paid the government of Guatemala approximately US$3.6 million under its excess rainfall (XSR) parametric insurance policy...
Parametric Catastrophe Facility CCRIF Pays US$12.8M to Bahamas for Dorian Damages September 27, 2019 CCRIF has made two payouts to the government of The Bahamas totaling US$12.8 million in the aftermath of Hurricane Dorian,...
Update: Parametric Catastrophe Pool, CCRIF, to Provide Rapid Payout for Bahamas After Dorian September 5, 2019 By Eric Roston Some of the first financial relief the Bahamas receives in the aftermath of Hurricane Dorian may be a rapid insurance...