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International

Swiss Re, Caribbean catastrophe risk insurance facility to provide cover to Caribbean nations

December 14, 2017 Reprints

Swiss Re Ltd. and Cayman Islands-based Caribbean Catastrophe Risk Insurance Facility Segregated Portfolio Co. plan to provide disaster risk cover to countries in the Caribbean region as part of a climate-smart plan, Reuters reported. Eleven nations, including Jamaica, Grenada, Dominica and the British Virgin Islands have signed up to the plan to create a "climate-smart zone" in the Caribbean region. The countries aim to work with companies, development banks and other organizations to curb damage from climate change.

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Swiss Re, Caribbean catastrophe risk insurance facility to provide cover to Caribbean nations

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