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2 months ago
LONDON–(BUSINESS WIRE)–#broking–THB, the specialist insurance and reinsurance broker, today reveals it has placed the first risk with the newly launched Global Health Risk Facility (GHRF), a public-private collaboration developed by insurtech Parsyl to help protect and support the global distribution of critical health commodities including existing and newly-emerging vaccines.
Working closely with Phil Mason, Managing Partner of Armfield, Harrison & Thomas, LLC (AHT), a US retail broker specialising in international aid and development organisations, THB was engaged to put in place insurance for the Partnership for Supply Chain Management (PFSCM) a supply chain solutions provider internationally recognised for its role in saving lives through stronger public health supply chains. PFSCM procures and delivers over $300 million worth of medicines, diagnostics, and medical supplies to more than 80 low- and middle-income countries ever
2020-12-15T10:11:00+00:00
Lloyd’s and Parsyl, Inc. today announced the launch of the Global Health Risk Facility (GHRF) which will make available billions of dollars of insurance coverage, together with risk mitigation services to help protect and support the global distribution of COVID-19 vaccines as well as critical health commodities.
The launch of the GHRF includes support from the U.S International Development Finance Corporation (DFC) which has approved up to $26.7M for the Facility. The DFC loan will be used to capitalize the new public-private Syndicate 1796, and allow the GHRF to offer cost-effective insurance policies for shipments of vaccines and medical products to developing countries.
2020-12-16T15:25:00+00:00
Public-private collaboration, including 14 global (re)insurers, addresses critical risks faced by COVID19 vaccines and other health commodities during distribution.
Lloyd’s and Parsyl, Inc. today announced the launch of the Global Health Risk Facility (GHRF) which will make available billions of dollars of insurance coverage, together with risk mitigation services to help protect and support the global distribution of COVID-19 vaccines as well as critical health commodities.
The launch of the GHRF includes support from the U.S International Development Finance Corporation (DFC) which has approved up to $26.7M for the Facility. The DFC loan will be used to capitalize the new public-private Syndicate 1796, and allow the GHRF to offer cost-effective insurance policies for shipments of vaccines and medical products to developing countries.