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

19 May 2012

Haiti earthquake expected to trigger CCRIF payouts

18 January 2010

Early indications show that the Caribbean Catastrophe Risk Insurance Facility (CCRIF) will face payouts as a result of the devastating earthquake that struck Haiti on Tuesday (12 January).

CCRIF said that the initial magnitude and location estimates from the United States Geological Survey (USGS) suggested that a payout would be triggered.

Haiti's worst quake in two centuries - of magnitude 7.0 - hit south of the capital Port-au-Prince, wrecking the presidential palace, UN HQ and other buildings.

The quake was...

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