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EU Contributes $17 Million to Caribbean Catastrophe Risk Insurance Facility
http://www.claimsjournal.com/news/international/2009/03/27/99103.htm - The European Union has joined the Caribbean Catastrophe Risk Insurance Facility's (CCRIF) 16 member governments - Canada, the World Bank, the United Kingdom, Bermuda, Ireland, France and the Caribbean Development Bank - in donating to the facility's reserve pool. The €12.5 million (app. $17 million) donation increased the tally to over $65 million given by CCRIF non-members.
Isaac Anthony, CARICOM appointed board member to the CCRIF and Director of Finance in the Ministry of Finance, St. Lucia welcomed the donation. He indicated that it not only demonstrates the far reaching support the facility has attracted, but also has important implications for all of the CCRIF's 16 member governments. Read More...
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