Switzerland’s Winterthur Insurance Group became the first private corporate donor to the United Nations fund to fight the AIDS epidemic, pledging a donation of $1 million.
Winterthur, the insurance arm of the Credit Suisse, plans to deliver the money next month in a public ceremony.
L
aunched by U.N. Secretary-general Kofi Annan in April, the fund hopes to eventually raise $10 billion to help poor countries, mainly in sub-Saharan Africa cope with the AIDS scourge, as well as other infectious diseases currently ravaging the continent.
Was this article valuable?
Here are more articles you may enjoy.
AI Data Center Boom Is ‘Maxing Out’ P/C Insurers, AIG CEO Says 
Tornado Alley’s on the Move and Creating New Risk Concerns, Modeler Says 
Viewpoint: Is it Time to Rethink the ‘Secondary-Peril’ Label and Reclassify Risk? 
Lindberg’s Right-Hand Man Sentenced to Two Years After Cooperating With Prosecutors 
