Insurers and brokers support new COVID-19 support fund

Members of the Association of British Insurers, British Insurance Brokers’ Association, Lloyd’s and the London Market Group are supporting a new industry fund to help support some of the people hardest hit by the COVID-19 crisis.

The COVID-19 Support Fund, which aims to raise £100m, has had £82.5m pledged. Firms that have already committed donations include Aviva, Zurich UK, RSA, Axa UK, Axa XL, Allianz Insurance, Lloyd's, Hiscox, Direct Line Group, Admiral, Ageas Insurance, LV= General Insurance, Phoenix Group, Chubb, Ecclesiastical, Aon, Just Group, NFU Mutual, PIB Group, Brokerbility, Canada Life, Chesnara, Sabre, Standard Life Aberdeen, Unum, Ardonagh and Esure

The fund is in partnership with the Charities Aid Foundation, and a network of partners, including the National Emergencies Trust.

The key aim is provide immediate relief to charities affected by COVID-19, as well as a longer-term programme of support for people, communities, and issues where there is the greatest need. Of the donations pledged so far, £20m is going to The National Emergencies Trust to help work supporting community-based charities on the frontline tackling the coronavirus crisis.

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