Groundbreaking risk transfer mechanism to transform disaster response launched with Guernsey support

The International Federation of Red Cross and Red Crescent Societies (IFRC), in collaboration with global professional services firm Aon, Lloyd’s Disaster Risk Facility and the Centre for Disaster Protection, has announced a pioneering approach to disaster response that will ensure swift and agile support is available when a disaster occurs. The transaction has been completed through a Guernsey SPV which is managed by Aon Insurance Managers, and uses other Guernsey vehicles in its structure.   Aon Guernsey MD Paul Sykes hailed the achievement as “Guernsey insurance industry’s finest hour yet, because it will allow the Red Cross, potentially, to reach an additional 6 million vulnerable people each year.

Groundbreaking risk transfer mechanism to transform disaster response launched with Guernsey support

The International Federation of Red Cross and Red Crescent Societies (IFRC), in collaboration with global professional services firm Aon, Lloyd’s Disaster Risk Facility and the Centre for Disaster Protection, has announced a pioneering approach to disaster response that will ensure swift and agile support is available when a disaster occurs. The transaction has been completed through a Guernsey SPV which is managed by Aon Insurance Managers, and uses other Guernsey vehicles in its structure.   Aon Guernsey MD Paul Sykes hailed the achievement as “Guernsey insurance industry’s finest hour yet, because it will allow the Red Cross, potentially, to reach an additional 6 million vulnerable people each year.

Sustainable Finance Week 2023 – Day Two– Six Key Takeaways

Day two of Sustainable Finance Week focused on natural capital and biodiversity. A keynote address from Dr Gemma Cranston, Executive Director of climate change investment and advisory firm Pollination Group, focused on the fact that the human race simply cannot exist without nature. She reminded the audience that nature is underpinned by biodiversity, and while it is priceless, we need to value it more in our economy.

Sustainable Finance Week 2023 – Day Two– Six Key Takeaways

Day two of Sustainable Finance Week focused on natural capital and biodiversity. A keynote address from Dr Gemma Cranston, Executive Director of climate change investment and advisory firm Pollination Group, focused on the fact that the human race simply cannot exist without nature. She reminded the audience that nature is underpinned by biodiversity, and while it is priceless, we need to value it more in our economy.