Charles Asirvatham takes over helm at GIC Re South Africa

Charles Asirvatham takes over helm at GIC Re South Africa

Charles Asirvatham takes over helm at GIC Re South Africa

Charles Asirvatham has been named as the new managing director and CEO of GIC Re South Africa, where he took charge of operations earlier this month. Mr Asirvatham joined GIC Re as direct recruit officer in 1986 and in the last 29 years has acquired extensive experience in the insurance and reinsurance fields. Prior to joining GIC Re, Mr Asirvatham…

Nigerian market must become more disciplined to provide sustainable support for risk managers

Nigerian market must become more disciplined to provide sustainable support for risk managers

Nigerian market must become more disciplined to provide sustainable support for risk managers

Risk managers are depending more heavily on their brokers as the insurance market turns and premium rates start to rise. But the picture is not uniform across Africa. Markets like Nigeria remain highly competitive and pricing has continued to fall. Yombo Bammeke, CEO at brokers UAIB, said: “We have a market problem. It will take just one big loss for…

And the winner is…

And the winner is…

And the winner is…

Alao Ismail Akinkunmi, an operational and insurance risk officer with NASCON Allied Industries in Lagos, has won the annual Risk Frontiers Africa 2018 survey prize of a trip to Europe with Commercial Risk Africa. Mr Akinkunmi’s name was pulled out of the hat from a pool of some 1,200 survey respondents to this year’s electronic survey. He works for Nascon,…

African port security must be improved to boost trade and reduce risks

African port security must be improved to boost trade and reduce risks

African port security must be improved to boost trade and reduce risks

A 25% improvement in port performance can drive a 2% growth in GDP, according to a new report released as the International Maritime Organisation (IMO) reveals several moves to boost security at African marine hubs. The IMO said: “Ports provide the critical interface between the ship and the shore. For maritime trade to flow effectively, this vital infrastructure needs to be…

Disease risks never far from the surface

Disease risks never far from the surface

Disease risks never far from the surface

The Ebola outbreak, which ended in 2016, caused worldwide panic, raising fears of a global pandemic. It wiped millions off the economies of the affected west African countries and since then governments have continued to struggle to rebuild. At the time, risk managers had to make hard decisions around whether or not to leave staff in situ and how to…

South Africa: a new international arbitration hub

South Africa: a new international arbitration hub

South Africa: a new international arbitration hub

Rob Scott and Alon Meyerov, of Clyde & Co in South Africa, examine the likely emergence of South Africa as an arbitration hub, following its adoption of The International Arbitration Act For risk managers, or indeed anyone who may have cause to be involved in dispute resolution, the development of South Africa as a centre for international arbitration will be…

Risk managers cannot afford to stand still

Risk managers cannot afford to stand still

Risk managers cannot afford to stand still

 Risk management has undergone huge change across Africa in the past few years, as Commercial Risk Africa’s Risk Frontiers Africa 2018 survey reveals. Below, as a foretaste of the survey, we hear from some of the risk managers taking part in it about what keeps them awake at night and the evolution of risk management The European Union’s General Data…

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