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Insurance
St. Maarten has joined CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility), purchasing coverage for tropical cyclones, earthquakes and excess rainfall.   6 September 2018
CCRIF names ECCB governor as new chairman
Insurance
The Caribbean Catastrophe Risk Insurance Facility (CCRIF), a multi-risk insurance pool designed to protect the region, has appointed a new chairman for a three-year term.   3 July 2018
Insurance
Specialty re/insurer Lancashire Holdings reported a net loss of $139.0 million for the third quarter compared to a net profit of $40.1 million in the same period a year ago.   2 November 2017
Insurance
UK-based RSA is experiencing “challenges in wholesale and international commercial markets from US and Caribbean cat activity,” according to a Nov. 2, 2017 trading update.   2 November 2017
Insurance
Hurricane Maria is set to hit the same Caribbean/Puerto Rican insurers which have already been impacted by Hurricane Irma, AM Best said in a Sept. 19 report.   20 September 2017
Insurance
Global insurance rates declined for the 14th consecutive quarter in the third quarter of 2016, although the rate of decline moderated by weighted average for the third quarter in a row, according to Marsh’s Global Insurance Market Index covering the third quarter of 2016.   11 November 2016
Insurance
Many of the large European buyers have ‘tiered’ their reinsurance panels in recent years and as a result are forming much deeper business partnerships with their bigger ‘tier 1’ reinsurance partners that transcend risk management and are also heavily entwined in capital relief.   23 October 2016
Insurance
No end to the current soft market is yet in sight, James Kent, president of Willis Re North America, told PCI Today, and he believes this will be a major talking point at this week’s conference in Dallas.   23 October 2016
Insurance
There is insufficient insurance demand in Asia because of a lack of trust between policyholders and insurers, Franz Josef Hahn, CEO of Peak Re, told EAIC Today.   13 October 2016
Insurance
Hurricane Matthew, which battered Haiti with heavy rain, winds and storm surge as it made landfall to the west of Les Cayeson on October 4, is expected to pass through the Bahamas and reach the US east coast by Thursday morning (October 6).   5 October 2016

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