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Taking Action to Support Canadian Businesses

We have written to the Federal, Provincial and Territorial Ministers of Finance to offer Marsh & McLennan’s assistance in creating a public-private pandemic risk solution.

05/03/2020 · 3 minute read

The COVID-19 pandemic continues to impact us all profoundly, both personally and professionally. It is first and foremost a human tragedy, but it is also having a devastating impact on the economy.

The stakes – for businesses and organizations, their employees, and the Canadian economy – are high. That’s why we have written to the Federal, Provincial and Territorial Ministers of Finance to offer Marsh & McLennan’s assistance in creating a public-private pandemic risk solution to accelerate our economic recovery and provide much-needed protection against future pandemic risks. 

We believe that a pandemic risk insurance solution is essential for our clients. It can: 

  • Facilitate access to capital from both lenders and equity markets that will require assurance against future pandemic risks;
  • Establish a sufficient and affordable mechanism for the management of pandemic risk involving the insurance and reinsurance market, if appropriate, and government;
  • Create greater certainty for both businesses and employees if we face a recurrence of the COVID-19 pandemic or during a future pandemic;
  • Enhance the resilience of the Canadian economy and its ability to bounce back following a future pandemic. 

As the COVID-19 pandemic continues, we remain committed to being there for our clients by helping you manage current impacts on your organization and by advocating for solutions to help mitigate future risks.

We will continue to update you on the latest risk and insurance information on our Coronavirus Risk Hub. If you would like to speak with Marsh’s specialists, please reach out to a member of your client service team or Marsh.Canada@marsh.com.

Thank you for your continued business as we face these extraordinary times together.

Sarah Robson

President & CEO, Marsh Canada Limited

  • Canada

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