July 9, 2020/ARC Johannesburg, July 8, 2020. The African Risk Capacity Insurance Company Limited (ARC Ltd) today made payouts of USD 1.4 million to the Government of Zimbabwe and another US$ 290,288 to UN World Food Programme (WFP), in parametric drought risk insurance payouts to support the extensive drought response […]
Insurance
Madagascar receives USD 2.13 million from African Risk Capacity Insurance Company Limited Policy for Drought Response
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 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. […]
