Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

4 February 2012

CCRIF members trade wind for quake cover after Haiti

15 July 2010

The regional disaster insurance fund for Caribbean governments has increased coverage limits for the coming year, albeit at the expense of hurricane cover ahead of what is forecast to be an above-average wind season.

Total cover for both hurricane and earthquake risk from the parametric Caribbean Catastrophe Risk Insurance Facility (CCRIF) sits at $620mn this year, up from $598mn last year.

But overall hurricane cover has reduced by just under 5 percent from last year to $386mn, as 12 of...

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