Bruce Bentley

Chubb Ltd. and Marsh LLC worked with the World Health Organization and Gavi, the Vaccine Alliance, to provide $ 150 million in insurance coverage for a program to compensate certain people for serious adverse events caused by vaccines. The no-fault compensation program provides eligible individuals in 92 lower-income countries with an opportunity to receive compensation for adverse events related to vaccines distributed under the COVAX vaccination initiative through June 30, 2022, Chubb and Marsh said in a statement on June 30, 2022 Thursday with. Marsh led the global placement of the coverage while Chubb is the primary insurer, backed by 10 other insurers in the US, UK, Germany, Ireland, Switzerland and Bermuda. "The scale of the COVID-19 pandemic requires everyone from governments and health officials to the private sector to contribute their skills, abilities and resources to help end this crisis," said Evan Greenberg, Chairman and CEO by Chubb. said in the stateme...

According to a report from CAC Specialty, a subsidiary of brokerage company Cobbs Allen, continued demand for representation and warranties in mergers and acquisitions that began in late 2020 has resulted in price increases. Interest rates fell towards the middle of the year, along with a slowdown in mergers and acquisitions, but recovered later in the year. "What no one saw coming was the sustained period of unprecedented demand that began towards the end of 2020 - and which largely continued through the first quarter of 2021," said CAC. By the end of the year "the rates rose dramatically, which is due to the historically high demand due to a massive M&A upswing and a relatively static supply." Rates in the first quarter of 2021 are higher than a year ago "when M&A went full steam ahead," CAC said. The online rates - premium divided by limits - reported for most medium-sized transactions have decreased by 3%, with exceptions depending on...