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Ecuador contracts first parametric insurance for 10k climate-vulnerable farmers, with Germany, UNDP, ISF and IDF support

by AIP Online Bureau | Feb 24, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

The two parametric products — for extreme rainfall and drought-risk — were designed by IDF member insurance organizations AXA Climate, Guy Carpenter México Intermediario de Reaseguro S.A de C.V and Blue Marble, in partnership with the MAGP and with local insurer...

Lloyd’s broker UIB charged by UK over alleged Ecuador bribes

by AIP Online Bureau | Apr 19, 2025 | Intermediaries, International News, Non-Life, Policy, Reinsurance

UIB sold reinsurance services to state-backed insurers covering parts of the Ecuadorian public sector, including the state water and electricity companies between 2013 and 2016, the SFO said. The broker is accused of £3 million to intermediaries who then bribed an...

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