Guy Carpenter selected as new placing broker for Caribbean Catastrophe Risk Insurance Facility

Guy Carpenter & Company, a global risk and reinsurance specialist, and a member of Marsh & McLennan Companies (NYSE: MMC), has been selected as the new placing broker for the Caribbean Catastrophe Risk Insurance Facility (CCRIF).
CCRIF is a risk pooling facility for 16 Caribbean governments. It is designed to limit the financial impact of catastrophic hurricanes and earthquakes.
Canada is a contributor to the facility’s claims-paying capacity.
“Guy Carpenter will engage immediately in preparations for the June 1 renewal of CCRIF’s reinsurance program, employing an integrated, global marketing approach for the Caribbean region executed by dedicated teams in Miami and London,” Guy Carpenter says in a statement.
“In addition, Guy Carpenter will advise CCRIF’s facility supervisor and board of directors on the development of CCRIF’s risk transfer strategy and provide important intelligence on individual risk transfer markets (both traditional and capital markets).”