Alliance aims to provide businesses with tools to address climate and supply chain vulnerabilities, with an initial focus on Hong Kong, Singapore, and Malaysia,
US$730m has been pledged so far—only a quarter of Vietnam's Typhoon Yagi damage—and early projects could determine whether the fund attracts additional financing.
CEO Nick Hawkins signals readiness for further M&A activity, just a week after IAG announced it had agreed to acquire RACQ's insurance underwriting business.
