ABI urges G20 against draconian regulation
by Richard Kilner
Story link: ABI urges G20 against draconian regulation
The Association of British Insurers (ABI) has warned against the dangers of an excessively stringent regulatory framework being agreed upon at the forthcoming G20 summit in London. Director general Stephen Haddrill has described the UK’s financial services future as being on a knife edge. With the UK as a leading world insurer employing 309,000 people [...]
Swiss Re covers Malawi against drought risk
by Richard Kilner
Story link: Swiss Re covers Malawi against drought risk
Swiss Re and the International Development Association (IDA) had entered into an agreement whereby the insurer will pay out up to US$5m should Malawi farmers suffer a reduced maize crop due to drought. The IDA, which is part of the World Bank, is supporting the first weather-based derivative contract in Malawi. Swiss Re’s Environmental and [...]
