July 3, 2020/ARC The Government of Madagascar today received a symbolic cheque in the amount of USD 2,13 million from the African Risk Capacity Insurance Company Limited (ARC Ltd) to cover anticipated losses to livelihoods of its vulnerable population from the crop failure in the just concluded farming season. The […]
Insurance
Insurance Company and Former CFO Charged With Faulty Loss Reserves Disclosures
Defendants to Pay $10.5 Million to Settle SEC Charges June 17, 2020/US SEC The Securities and Exchange Commission today charged international insurance company AmTrust Financial Services Inc. and its former CFO Ronald E. Pipoly Jr. with failing to disclose material facts about how the company estimated its insurance losses and reserves. […]
Federal Republic of Germany helps African countries maintain drought insurance in view of COVID-19
June 16, 2020/ARC Johannesburg, June 16, : In response to the COVID-19 pandemic, the German government assumes premium payments of around EUR 19 million for the drought insurance offered by the African Risk Capacity (ARC). This will reliably protect up to 20 million poor and vulnerable people in Africa against […]
