CCRIF names ECCB governor as new chairman

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.

Timothy Antoine succeeds Milo Pearson who chaired CCRIF’s board from its inception in 2007 and has now retired.

Antoine is the governor of the Eastern Caribbean Central Bank (ECCB). Prior to his current position, he was the permanent secretary in Grenada’s Finance Ministry for 14 years. He also served as an advisor to the executive director for Canada, Ireland and the Caribbean at the World Bank, working on behalf of the Caribbean, and helped establish CCRIF in 2007. He has been a member of the CCRIF Board since 2014.

CCRIF said during the new chairman's tenure it will place a strong focus on scaling up the facility. Its new strategic plan for 2018-2021 will focus on scaling up the introduction of new products for drought, fisheries, agriculture, and other sectors where insurance coverage against natural hazards is not readily available. The facility will continue to provide affordable parametric insurance products.

Antoine said: “I thank Milo Pearson, our longstanding chairman, for his sterling service to CCRIF and extend best wishes to him in his well-earned retirement. I look forward to working with my fellow Board members and our CEO, in this new capacity, as together we take CCRIF into its second decade and increase its impact on improving disaster risk management and building resilience in our region.”

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