In May 1638, fresh from his defeat over Kent Island, Claiborne received a commission from the Providence Land Company, who were advised by his old friend Maurice Thomson, to create a new colony on Ruatan Island off the coast of Honduras in the Caribbean Sea. At the time, Honduras itself was a part of Spain's Kingdom of Guatemala, and Spanish settlements dominated the mainland of Central America. Claiborne optimistically called his new colony Rich Island, but Spanish power in the area was too strong and the colony was destroyed in 1642.