Swiss Re makes major commitment to support global COVID-19 relief efforts

Reinsurance giant Swiss Re Group has committed CHF5m ($5.2 million) to support global COVID-19 relief efforts, particularly in developing countries.
The pledge has been made through the reinsurer’s non-profit grant foundation, the Swiss Re Foundation, which will distribute the funds to organizations tackling the current crisis.
The foundation will contribute CHF1 million ($1.04 million) each to the International Committee of the Red Cross, which provides humanitarian aid in the world’s most vulnerable regions, and Médecins Sans Frontières (Doctors Without Borders), which assists local health institutions worldwide in providing patient support and training for medical staff.
The remaining CHF3 million ($3.1 million) will be distributed to other Swiss Re Foundation partners for global relief efforts in response to the outbreak.