The International Federation of the Red Cross has turned to Reed Smith to establish an insurance and reinsurance facility to provide further financial support to the organisation’s disaster response. 

The firm provided structuring, corporate, finance, trust, insurance and sanctions advice to the IFRC to establish the tool, which is designed to provide a back-stop for the IFRC’s Disaster Response Emergency Fund (DREF), in conjunction with Aon and the Centre for Disaster Protection, according to a firm announcement.