On 27 April 2023, the ARC Group was honoured to receive the Closing the Gap award at the Trading Risk Awards 2023, a recognition of the organisation’s recently launched Outbreaks and Epidemics insurance product’s innovativeness and uniqueness. Specifically, this award celebrates reinsurance or ILS transactions that insure risk that was previously uninsured or not highly insured and highlighted this transaction as one that will ensure the risk will be well covered