We are pleased to announce that today, 1 March 2022, the Government of Madagascar received an insurance pay-out of USD $10.7 million from ARC Ltd, an affiliate of the ARC Group, following the damage and destruction caused by Tropical Cyclone BATSIRAI. The cyclone, which formed in the Indian Ocean on 21 January 2022 and intensified as it progressed, led to loss of lives and livelihoods, displaced many, and left a trail of destruction in its path.