The International Federation of Red Cross and Red Crescent
Societies (IFRC), in collaboration with global professional
services firm Aon, Lloyd's Disaster Risk Facility and the
Centre for Disaster Protection, has announced a pioneering approach
to disaster response that will ensure swift and agile support is
available when a disaster occurs.
The transaction has been completed through a Guernsey SPV which
is managed by Aon Insurance Managers, and uses other Guernsey
vehicles in its structure. Aon Guernsey MD Paul Sykes hailed the
achievement as “Guernsey insurance industry's finest
hour yet, because it will allow the Red Cross, potentially, to
reach an additional 6 million vulnerable people each year. It is
another watershed moment for the industry, demonstrating that it
can address the protection gap and rising humanitarian
needs.”
