CARICOM, CDB on regional insurance facility board

CARICOM's interest will be represented by Isaac Anthony while Dr Warren Smith will serve on behalf of the CDB. The two were appointed on Monday. (File photo)

BRIDGETOWN, Barbados, April 9, 2008 – The Caribbean Community (CARICOM) and the Caribbean Development Bank (CDB) now have representatives on the Caribbean Catastrophe Risk Insurance Facility (CCRIF) which was designed to provide financial assistance to member countries affected by natural disasters.

CARICOM's interest will be represented by Isaac Anthony while Dr Warren Smith will serve on behalf of the CDB. The two were appointed on Monday.

"As a Caribbean facility the CCRIF was created to serve the natural catastrophe insurance interests of Caribbean governments and the people they represent. The approval of these two appointments is another step in the fulfilment of that objective," said Chairman of the CCRIF Board of Directors Milo Pearson.

"Both Mr Anthony and Dr Smith are terrific additions to our board, who will no doubt make an invaluable contribution to the development and success of the Caribbean Catastrophe Risk Insurance Facility."

Mr Anthony is the permanent secretary/director of finance in the Ministry of Finance in St. Lucia. He also holds the positions of Registrar of Insurance with responsibility for supervising and regulating the Insurance Industry, chairman and founding member of the Caribbean Public Finance Association and director on the boards of the CDB and the Eastern Caribbean Central Bank.

CDB-appointed member, Dr Smith has more than 30 years experience in Economics and Planning. He is the current director of finance and corporate planning at the Caribbean Development Bank and previously served at the National Investment Bank of Jamaica, Prudential Stockbrokers Limited, Life of Jamaica, LIAT and the Petroleum Corporation of Jamaica and as a consultant for the CARICOM Secretariat and the Government of Grenada.