Chubb’s Greenberg argues case for pandemic insurance programme

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“COVID-19 stole lives, and its harm to the US and global economy has been catastrophic,” said Greenberg. “We should, in my judgement, take the lessons learned to improve our health response capabilities to future pandemics. We can also lessen the economic blow by building a financial backstop that is triggered when economic activity is disrupted. To this purpose, the insurance industry can play an important role in partnership with the federal government.”

Read next: The challenge of making pandemics insurable

Pandemics are different to other catastrophic events like earthquakes, hurricanes, and floods in that they are not limited to a

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India’s Policybazaar files for IPO

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Policybazaar, an India-based insurance aggregator and broker, has filed for an initial public offering, seeking to raise US$809 million (SG$1.094 billion) by following in the footsteps of several Indian start-ups going public in recent months.

Based on documents submitted to the market’s securities regulator, Policybazaar is looking to raise US$504 million through issuing new shares, while the remainder will be from selling shares of existing investors, Techcrunch reported.

Softbank, one of Policybazaar’s main backers, is reportedly looking to sell shares worth US$250 million, while the start-up’s founders PB Fintech could sell up to US$52.7 million in shares. The company, which

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Britannia P&I releases first sustainability report

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Britannia said that sustainability does not simply encompass climate change – it informs a company’s overall approach to improving corporate social behaviour and demands sound corporate governance. The report aims to apply environmental, social and governance concepts to all operations of the club.

“Sustainability is essential for a P&I club, as members rely on us to be their long-term, trusted partner,” said Anthony Firmin, chair of Britannia P&I. “As you read this report, we trust that you will find our transparency and approach instils confidence that Britannia P&I will continue to thrive and build on its long history, which stretches

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Aon’s Greg Case provides details on collapsed mega merger

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Case stated, as quoted by Seeking Alpha: “The combinations had significant regulatory momentum, including notably approval from the European Commission as well as approval from many jurisdictions globally through our thoroughly evaluated and vetted transaction. The exception [was] the United States. The demands made by the US Department of Justice on our US business would have stifled innovation and reduced our client serving capabilities.

“Meeting these demands would have significantly impacted our existing US business, the potential shareholder value creation of the combination, and our ability to continue to drive ongoing progress against our key financial metrics. Similarly, the path

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