Insurers have contributed to a $340 million fund for infrastructure projects in developing countries, an industry body said Thursday, as part of a United Nations-backed program to close the global protection gap.
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SUNDAY, OCTOBER 19, 2025 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Insurers Pay Into $340M UN-Backed Fund For Developing States

By Martin Croucher

Insurers have contributed to a $340 million fund for infrastructure projects in developing countries, an industry body said Thursday, as part of a United Nations-backed program to close the global protection gap.

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UK Pension Funds Double Investment In Private Economy

By Najiyya Budaly

Pension schemes have doubled their investment in private companies to £1.6 billion ($2.15 billion) in one year as part of their commitment to allocate a greater portion of their funds to investing in privately held companies, the Association of British Insurers said Thursday.

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CMA Calls For Reforms To UK Veterinary Market

By Najiyya Budaly

The U.K.'s competition watchdog has called on the £6.3 billion ($8.5 billion) veterinary services market to provide better information on prices after a spike in insurance claims at major players drove up costs, despite no evidence of better services.

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POLICY & REGULATION

Marsh Unit Warns Against Mandating Pension Investments

By Martin Croucher

Pension funds must be primarily focused on getting the best income in retirement for their members rather than propping up the national economy, a unit of insurance giant Marsh McLennan warned.

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DEALS

Axa Teams With Insurtech For Embedded Insurance Project

By Tom Fish

An Axa unit and insurance technology firm Bolttech have launched a long-term partnership to grow their presence in the rapidly growing embedded insurance sector across the U.K. and Europe.

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LITIGATION

Insurers Settle Bid To Arbitrate $7M La. Hurricane Ida Case

By Joyce Hanson

A group of domestic and foreign insurers including underwriters at Lloyd's of London have asked a Louisiana federal judge to dismiss their lawsuit seeking an order to arbitrate a $7 million Hurricane Ida damage claim, saying they have settled the dispute.

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LAW FIRMS IN TODAY'S NEWS

Adams Hoefer

Lane Law Group LLC

COMPANIES IN TODAY'S NEWS

AXA SA

AXA XL Ltd.

Association of British Insurers

BlackRock Inc.

CFA Institute

Global Infrastructure Partners

HDI Global Specialty SE

International Finance Corp.

Lexington Insurance Co.

Marsh & McLennan Cos. Inc.

Munich Re Group

QBE Insurance Group Ltd.

Swiss Reinsurance Co. Ltd.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Competition and Markets Authority

European Union

Louisiana Supreme Court

U.S. District Court for the Eastern District of Louisiana

United Nations

World Bank Group