Bruce Bentley

  Global commercial insurance prices rose 18% in the first quarter, according to Marsh's latest Global Insurance Market Index. This follows an average annual increase of 22% in the fourth quarter of 2020 and 20% in the third quarter of 2020. The first quarter of 2021 marked the first time the average rate of increase fell since the index first saw global rates rise in the fourth quarter of 2017. According to Marsh, gains across regions have slowed due to generally slower rate increases in property insurance, finance and professional life. The UK, with composite prices up 35% (up from 44% in the fourth quarter) and the Pacific region, up 29% (up from 35% in the fourth quarter) drove the global composite rate. The rate of increase was 14% (versus 17%) in the US, 8% (versus 11%) in Asia and 5% (versus 9%) in Latin America and the Caribbean. Further survey results were: Global property insurance prices rose an average of 15% compared to the 20% increase in the fourth quarter of 2...

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...

  COVAX is designed to expedite the development and manufacture of COVID-19 vaccines and to ensure their fair and equitable distribution in all countries of the world. The Chubb-Marsh collaboration will provide up to $ 150 million in insurance to the COVAX No-Fault Compensation program to cover compensation for eligible individuals in the 92 lower-income countries and economies collectively known as Gavi COVAX Advance Market Commitment (Gavi COVAX Advance Market Commitment). AMC) eligible economies. Insurance broker Marsh directed the worldwide placement of the cover. Chubb is the main insurer, backed by 10 other insurers in the US, UK, Germany, Ireland, Switzerland and Bermuda. The delivery of COVID-19 vaccines in 2021 will be the largest and fastest proliferation of novel vaccines in the world in history. COVAX aims to deliver up to two billion doses by the end of the year, including up to 1.7 billion doses to the 92 AMC-eligible countries and economies. "Chubb is excited t...