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The World Bank (International Bank for Reconstruction and Development) has launched bonds that will support the Pandemic Emergency Financing Facility (PEF), which will channel first-response surge funding to developing countries facing the risk of a pandemic. 29 June 2017
News
Everest Re has appointed Sean Berry as vice president and head of the reinsurance division’s international property facultative unit. 17 May 2016
Insurance
Altitude Risk Partners, an underwriting cell backed by capacity from Barbican Insurance Group, HDI-Gerling Industrie Versicherung and Sompo Japan Insurance on a quota share basis, has revealed plans to underwrite a worldwide portfolio of airlines, manufacturing products, general aviation, war and space risks. 22 January 2014
Insurance
A new insurance broker has been launched in the UK designed to cater for the lesbian, gay, bisexual, and transgender (LGBT) community, a section of society the company claims is unhappy with the way its members are treated by insurers. 31 March 2016
Reinsurance
COVID-19 has presented companies with a myriad of unprecedented challenges—and now they also face a hard market. Against a backdrop of rapid change, including intense consolidation between brokers, AXA XL is intent on getting to know its clients, and brokers, better than ever, explains Bob Peretti, the chief distribution officer at AXA XL Americas. 27 October 2020
Insurance
Investment manager Hudson Structured Capital Management has invested $20.1 million in preferred shares in a reinsurance vehicle that will assume $35.3 million of seasoned workers’ compensation liabilities. 6 June 2017
News
As artificial intelligence is used on an increasingly wide variety of insurance applications, insurers need to keep an eye out for additional possible uses, according to Pamela Negosanti global vice president of insurance at AI firm Expert System. 2 May 2019
Insurance
Global broker Arthur J Gallagher & Co has entered into an $800 million unsecured credit facility, expiring on April 8, 2021, with a group of financial institutions led by Bank of Montreal, Bank of America Merrill Lynch, Barclays Bank, Citibank and JP Morgan Chase Bank. 12 April 2016
Insurance
Insurer ACE has strengthened its international marine team with the appointment of four executives. 8 June 2015
Insurance
Since the introduction of the first captive bill in 1981, captive insurance has played an important role in supporting economic growth in the state of Vermont. 10 August 2017
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