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BlueOrchard releases InsuResilience Investment Fund Private Equity II
20th September 2022
Investment manager BlueOrchard has released its InsuResilience Investment Fund Private Equity II (IIF PE II). The firm said that it will invest in Asian, African, and Latin American companies that are ‘active in the climate insurance value chain’. These will include, it said, insurers and reinsurers. BlueOrchard said that the fund ... Read the full article
InsuResilience fund invests in Ghanaian insurer Vanguard
17th March 2022
The InsuResilience Investment Fund (IIF), managed by leading impact investment manager BlueOrchard Finance Ltd, has acquired 40% of Vanguard, a general and micro-insurance group operating in Ghana. IIF was set up in 2015 by KfW Bank on behalf of the Federal Republic of Germany, with its main purpose being to contribute ... Read the full article
InsuResilience Solutions Fund signs grant agreement with MiCRO, SBS Seguros Colombia
26th June 2020
The InsuResilience Solutions Fund, represented by the Frankfurt School of Finance and Management, has signed a grant agreement to help strengthen Colombia’s resilience to natural catastrophes. Under the condition that the applicants commit a meaningful own contribution of 50% of the requested funding, ISF provides grants of up to €2.5 million. The ... Read the full article
InsuResilience Solutions Fund to support MiCRO’s Colombia expansion
1st June 2020
The InsuResilience Solutions Fund is set to support the efforts of the Microinsurance Catastrophe Risk Organisation (MiCRO) and SBS Seguros Colombia S.A to strengthen Colombia's resilience to natural catastrophes. MiCRO, a socially oriented commercial enterprise focused in Latin America, provides innovative, technology-based solutions designed to help families and micro-entrepreneurs recover from ... Read the full article
InsuResilience Global Partnership launches at 2017 UN Climate Conference
16th November 2017
An international initiative with the goal to provide insurance to 400 more million poor and vulnerable people by 2020, the InsuResilience Global Partnership for Climate and Disaster Risk Finance and Insurance Solutions, was launched today at the 2017 UN Climate Conference in Bonn. Germany launched the Global Partnership with the Ethiopian Chair of ... Read the full article
Insurtech Igloo closes $36m Pre-Series C funding round
8th December 2023
Igloo, a regional insurtech in Asia, has closed a US$36 million Pre-Series C funding round. Global investment firm Eurazeo, through its insurtech fund backed by the insurer BNP Paribas Cardif, led the investment. At the same time, Openspace and La Maison, who previously participated in Igloo's Series B and Series B+ ... Read the full article
AXA Climate and Howden partner on flood resilience project for Togo
6th December 2023
AXA Climate, part of global insurer AXA Group, London-based broker Howden, and Togo-based non-governmental organisation Pionniers en Action pour le Développement Intégré à l’Environnement (PADIE), will be implementing the project for Togo’s fourth-largest city, Kloto 1, and key flood hot spots in the capital city Lomé – Golfe 1 and ... Read the full article
Eurazeo invests $36mn in Igloo’s Pre-Series C funding round
4th December 2023
Singapore-based insurtech Igloo has successfully raised US$36 million in a Pre-Series C funding round led by Eurazeo, through its insurtech fund backed by the insurer BNP Paribas Cardif, and with participation from Openspace’s OSV+, and returning investor La Maison. The latter two also participated in Igloo's Series B and Series B+ ... Read the full article
Momentum of climate action has been far too slow, says Munich Re’s Rauch ahead of COP28
27th November 2023
As world leaders meet in the UAE this week for the annual COP climate conference, Ernst Rauch, Chief Meteorologist at European reinsurance giant Munich Re, has said that the United Nations is right when it says that climate action can't wait. "With COP28 starting this week, what can be looked at ... Read the full article
IDF targets consolidation of Tripartite Programme gains in 2024
27th November 2023
The Insurance Development Forum (IDF) Sovereign and Humanitarian Solutions (SHS) Working Group has noted that in 2024, it aims to consolidate Tripartite Programme gains as it continues on its mission to reduce the protection gap in vulnerable and climate-exposed regions. The Tripartite Programme is a platform that fosters collaboration between public ... Read the full article
€1.9m project & risk transfer scheme aims to protect farmers in Uzbekistan
6th October 2023
The Insurance Development Forum (IDF), the United Nations Development Programme (UNDP), the German Government, and the government of Uzbekistan rcecently launched a €1.9 million project to develop and implement a sovereign risk transfer scheme for climate-vulnerable farmers in Uzbekistan. The idea is to create a multi-peril indemnity insurance solution that will ... Read the full article
CelsiusPro acquires Global Parametrics
6th September 2023
CelsiusPro AG has acquired Global Parametrics Holding Company Limited in a transaction that "significantly strengthens its global capabilities to offer parametric risk transfer solutions to both private and public sector clients in developed and developing economies." According to CelsiusPro, the acquisition creates an even stronger offering along the value chain of ... Read the full article
Global Shield Solutions Platform launched to address loss and damage from climate change
14th June 2023
The Global Shield Solutions Platform (GSSP), a pioneering financing vehicle aimed at assisting vulnerable countries in effectively tackling loss and damage exacerbated by climate change, was officially launched on June 9, 2023. The momentous occasion took place at the Gustav-Stresemann-Institute in Bonn, Germany, during the InsuResilience Global Partnership Annual Forum. With the ... Read the full article
WTW announces third renewal for MAR insurance programme, with AXA climate as provider
1st June 2023
The Mesoamerican Reef Fund and WTW have announced the appointment of AXA Climate as the insurance capacity provider that will support the MAR Insurance Programme in its third annual placement with financial support from the InsuResilience Solutions Fund and the United Nations Development Programme, building on earlier support from the ... Read the full article
Singapore insurtech Igloo extends Series B funding round to $46m
30th November 2022
Singapore-based insurtech Igloo has announced that it has successfully raised an additional $27 million in its Series B extension led by the InsuResilience Investment Fund II, bringing a close to the funding round at $46 million. The InsuResilience Investment Fund II, initiated by German development bank KfW on behalf of the ... Read the full article