Aon discloses Q1 2021 financial results

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Across its commercial risk solutions segment, organic revenue growth increased by 9%, driven by growth across every major geography, reflecting strong retention and management of the renewal book portfolio, as highlighted by double-digit growth in the US, Asia, and Latin America. Aon noted that these results also reflect expansion in the more “discretionary” areas of the business, including a double-digit boost in transaction liability and increased project-related work.

“On average globally,” Aon said in its trading statement, “pricing was modestly positive, while exposures were flat, resulting in a modestly positive market impact.”

Its reinsurance solutions arms saw organic revenue growth

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European Payments Council proposal for real-time fraud platform

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As part of its strategy for addressing fraud risks in the context of the Single Euro Payments Area (SEPA) payment schemes the European Payments Council (EPC), has elected to develop a SEPA-wide “Malware Information Sharing Platform” (MISP) instance for real-time fraud information sharing with direct browser access by all SEPA payment scheme participants.

European Payments Council requests proposal for real-time fraud platform

To that end, the EPC has launched a public request for proposal to find a reliable independent service provider to which it can outsource the management and the maintenance of the EPC MISP instance.

As a scheme manager,

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Marsh, Chubb link up for COVID-19 vaccine programme

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COVAX was created to accelerate the development and manufacture of COVID-19 vaccines and to guarantee their fair and equitable distribution to every country in the world.

Through the collaboration between Chubb and Marsh, up to US$150 million in insurance is provided for the COVAX No-Fault Compensation Programme to cover compensation to eligible people in the 92 lower-income countries and economies, known collectively as the Gavi COVAX Advance Market Commitment (AMC) eligible economies.

Insurance broker Marsh led the global placement of the coverage. Chubb is the lead insurer, supported by another 10 insurers located in the US, the UK, Germany, Ireland,

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Wikipedia

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