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China joins COVAX initiative for COVID-19 vaccine distribution

Oct 9, 2020

The COVAX initiative aims to deliver at least 2 billion doses of vaccines by the end of 2021.

China joins some 168 countries that have already announced their participation in COVAX including 76 wealthy, self-financing ones. But neither the United States nor Russia have joined the programme.

Markel consolidates all Property CAT Reinsurance business under Nephila

Oct 9, 2020

“This move allows us to more fully leverage Nephila’s market leading competitive position while also generating necessary operational efficiencies.We believe the companies that will win in the future will be those who most efficiently connect risk with capital, and this strategic shift will help us do that in the property CAT market.”,” said Markel Co-CEO Richie Whitt.

London company market premium grows by 10 % to £27.633bn in 2019

Oct 9, 2020

In 2020, for the first time, the London Company Market Statistics Report identifies three new lines of business: political risk (£0.261bn), trade credit (£0.243bn) and standalone cyber (£0.253bn). Property remains the largest class of business (£5.365bn) followed by liability (£3.575bn).

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