Hurricane Katrina will miss Florida and the East Coast, but has left catastrophic flooding and widespread power outages in Puerto Rico and battered the Dominican Republic with 90 mph winds, according to news reports. The Dominican Republic was expected to …
Bermuda-based Aspen Insurance, the insurance segment of Aspen Insurance Holdings, announced it has acquired Blue Waters Insurers Corp. Blue Waters, which is headquartered in San Juan, Puerto Rico, is a specialist marine managing general agency. The company was founded in …
The Caribbean general insurance market remains profitable, albeit challenging, for participants, according to an A.M. Best special report titled “Caribbean-based General Insurers: What Lies Ahead?” The report says that the region is susceptible to major storm damage, earthquakes and flooding, …
Allied World’s Lloyd’s Syndicate 2232 has received approval to commence underwriting direct insurance and facultative reinsurance business for Latin America and the Caribbean. Paul Manguson, senior vice president, underwriting, and Paul Obolensky, senior vice president, business development, will build out …
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) and the Seismic Research Centre (SRC) of The University of the West Indies have entered into a partnership to enhance the Accelerometric Network in the Eastern Caribbean and Jamaica in order to strengthen …
The Caribbean Catastrophe Risk Insurance Facility has reported that, while some of its members were impacted by tropical storm Isaac, most of the damage was minimal. “Dominica, Haiti and the Bahamas were the CCRIF countries affected by Isaac,” said the …
In its bulletin issued at 5:00 a.m. EDT the national Hurricane Center in Miami described tropical storm Isaac as “poorly organized.” As a result its most serious threat is not from the wind speed, around 45 mph, 75 km/h, but …
For the past week the National Hurricane Center in Miami has been monitoring a low pressure system that formed off the Cape Verde Islands. Late yesterday it coalesced into a tropical storm, which has been given the name Isaac. As …
Tropical Storm Ernesto is gaining strength as it moves west-northwest at around 13 mph, 20 km/h, according to the latest bulletin – 5:00 a.m. EDT – from the National Hurricane Center in Miami. As it moves along the forecast track …
Tropical Storm Ernesto is continuing along the track forecast by the National Hurricane Center in Miami, as it crosses the southern Caribbean, heading towards Mexico’s Yucatan Peninsula. The most recent NHC bulletin said maximum sustained winds were 50 mph, 85 …
