Minister Hassink to speak at Catastrophe Risk Conference

Finance Minister Mr. Martin Hassink will deliver the opening address at the September 5 Catastrophe Risk Insurance Conference, organized by Henderson Insurances. The conference for business owners and homeowners will take place from 2:00pm to 6:00pm in Belair Community Center.

Saba Governor Jonathan Johnson and St. Eustatius Governor Gerald Berkel have confirmed their attendance to the September 5 conference that is focused on creating awareness of catastrophe risk exposures.Swift settlement is crucial after a catastrophe to avoid further losses and deterioration.

Swift settlement is crucial after a catastrophe to avoid further losses and deterioration. Preparedness for Country Sint Maarten should be higher than before regarding the mitigating measures in event of a catastrophe. The conference aims at providing that blueprint to effectively aid Government and families in the process of identifying the quickest way out of the traditional remnants of any catastrophic event.

NAGICO Insurance, Gulf Insurance, ENNIA and Insurance Company of the West Indies (ICWI) will form the panel of insurance experts that will discuss the pros and cons of Risk Management and deal with how clients can effectively buy coverage at competitive rates after following some of the risk management techniques.

Milo Pearson, Board Chairman of Caribbean Catastrophe Risk Insurance Facility (CCRIF), will be to the keynote speaker at the one-day conference that will be held on the 19th anniversary of hurricane Luis.

Pearson has more than 35 years of insurance experience and has created two landmark organizations that have had an important and lasting impact on the insurance industry in California: the California Earthquake Authority and the Rate Regulation Division of the California Department of Insurance.

CCRIF is designed to limit the financial impact of catastrophic hurricanes, earthquakes and excess rainfall to these governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. It is the world’sPrincess Juliana International Airport SXM and Windward Islands Airways International Winair are part sponsors of the conference.first regional fund utilizing parametric insurance, giving these governments the unique opportunity to purchase earthquake, hurricane and excess rainfall catastrophe coverage with lowest-possible pricing.

Winair, the Guardian Group and the Caribbean Alliance are part sponsors of the conference with Princess Juliana International Airport SXM as the main sponsor of the Catastrophe Risk Insurance Conference.

Registration cost is US $30 per person. Businesses and homeowners interested in the conference should register via e-mail co********@sx********************.com or call +1 (721) 542 4911 for more information. Registration at the door is from 1:00pm to 1:45pm on September 5.