Isaac Anthony, CEO of CCRIF SPC, the regional parametric risk pool for the Caribbean and Central America, has announced that the organisation grew its coverage by 9% to US $1.57 billion, and introduced new members ahead of the 2026 Atlantic hurricane season.
Speaking during a video message posted by the organisation, Anthony recognised the transformations that have occurred in the world, noting the alterations in the planet’s climate, which are ongoing and will persist. This indicates that the industry’s financial and institutional preparations must also adapt accordingly.
“Let me begin with what the science is telling us about this hurricane season. We are in the grip of a super El Nino cycle for the Caribbean and Central America. This means we face a high risk of severe droughts, prolonged heat waves and heightened food and water insecurity. On the hurricane front, climatologists project roughly five hurricanes this year, including two major hurricanes well below the typical annual average,” Anthony said.
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