A group of leading companies in the insurance industry announced today that they have established a micro insurance consortium and micro insurance venture. The consortium consists of American International Group Inc., Aspen Insurance Holdings Ltd., Catlin Group Ltd. LLC, Guy Carpenter & Co. LLC together with Marsh & McLennan Cos. Inc., Hamilton Insurance Group Ltd., Transatlantic Reinsurance Co., X.L. Group PLC and Zurich Insurance Group. The incubator wants to launch 10 micro insurance ventures over the next decade to address risk management needs of the underserved. Read more