Noor Zainab Hussain, Carolyn Cohn
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* Syndicate to begin underwriting in Jan 2021
* AXA XL to provide risk consulting services (Adds executive comments, details)
LONDON, Dec 15 (Reuters) - Lloyd’s of London and insurtech firm Parsyl have launched a programme to insure the distribution of COVID-19 vaccines in emerging markets as drugmakers race to address the biggest global logistical challenge since the Second World War.
The Global Health Risk Facility (GHRF), made up of 14 insurers and reinsurers, has been set up to address the challenges of transporting temperature-sensitive vaccines, and will be supported by $26.7 million in funding from the U.S International Development Finance Corporation, the companies said on Tuesday.