AXA Climate, the narrowing pay gap & more…Keep up to date with the latest insurance and finance news in our weekly round-up…

Aon, Guy Carpenter partner on blockchain initiative to streamline reinsurance placement

Brokers Aon and Guy Carpenter have teamed up with The Institutes RiskStream Collaborative to streamline the reinsurance placement process using distributed ledger technology.

AXA unveils rebranding of parametric insurance unit to AXA Climate

Global re/insurer AXA has rebranded its specialist parametric risk transfer division from AXA Global Parametrics to AXA Climate, and has also announced a number of new additions to its team.

CII reports tiny narrowing of gender pay gap

The organisation analysed data reported to the government by insurance firms, including brokers, but improvement t is less than 1%

Allianz to buy L & G home insurance

Allianz is in talks to buy Legal & General’s general insurance arm, according to reports. L&G put up its home insurance business unit up for sale last year after disappointing figures.

WorldCover raises $6M round for emerging markets climate insurance

WorldCover, a New York and Africa-based climate insurance provider to smallholder farmers, has raised $6million Series A round led by MS&AD Ventures.

Aon: reinsurance ‘resilient’ despite unprecedented nat cat losses in 2018, 2017

Reinsurance sector earnings have remained buoyant in the face of unprecedented natural catastrophe losses over the past two years, Aon’s Reinsurance Aggregate report has found.