Caribbean risk pooling facility considers cat bonds, collateralized reinsurancePosted On: May. 16, 2014 12:00 AM CST
The Caribbean Catastrophe Risk Insurance Facility's chief executive, Isaac Anthony, has said the risk pool is "seriously looking at the possibility of getting involved with (catastrophe) bonds and potentially, collateralized reinsurance" as part of risk transfer, reports Artemis.bm.
Mr. Anthony said the facility is eyeing expansion and diversifying sources of risk capital would be advantageous. Latin America is the next target region for the CCRIF, Artemis.bm reported.