Insurance
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Asia floods cause $10bn in uninsured losses in July
Severe seasonal floods have left a costly bill of more than $10bn of economic or insured losses across Asia in…
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Cyber insurance set to soar in Asia thanks to WannaCry
The adoption of cyber insurance is set to rise dramatically in Asia in the wake of the WannaCry virus that swept…
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QBE hires new CEO in Malaysia
Chris Kurinsky has been appointed as the chief executive of QBE Insurance (Malaysia) Berhad, making him responsible for the Australia-based…
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New appointments and promotions at AGCS Africa
AGCS Africa has named Amanda Banfield as a senior financial lines underwriter and Teboho Mohafa as a liability underwriter. Ms…
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Markel opens new trade credit office in Chicago
Markel Corporation has announced the launch of a new trade credit and political risk operation in Chicago. Christen Mizell will…
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Tough times and heightened political risk continue across Sub Saharan Africa
A number of African countries, including Niger, Algeria, Nigeria and Angola, will begin to move towards a more negative outlook,…
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Tom Bongi joins Brit Global Specialty USA professional lines
Brit has appointed Tom Bongi as executive vice-president of professional lines at Brit Global Specialty USA (BGSU). Following his appointment,…
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TT Club to insure Russian startup delivery company
TT Club has revealed that is writing comprehensive insurance cover for the Russian startup freight forwarder, Deliver, one of the…
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Africa Re enjoys 12% growth
Africa Re has reported gross written premium of $372.64m up to the end of June 2017, up 11.8% on the…
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Schinnerer acquires ICAT from Paraline
Specialty programme underwriting manager Schinnerer has agreed to acquire International Catastrophe Insurance Managers LLC (ICAT), from the Paraline group. ICAT…
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Angola downgraded due to rising debt service costs and weak economic prospects
Angola’s economic growth is likely to slow down, according to S&P, which has lowered its expectation and downgraded the southern…
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South Africa’s signs of recovery remain fragile
Economic growth of 1.3% is expected in South Africa for this year but, alongside the improved forecast, weakness in confidence…
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South African mines move towards settlement in silicosis claims
South African mining firms are reported to be preparing a multimillion-dollar settlement with as many as 100,000 former workers suffering…
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Pension groups launch new Africa infrastructure fund
AP Moller Holding, PKA, PensionDanmark and Lægernes Pension have launched a new infrastructure fund with a focus on Africa. The…
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New trade credit insurance product launched
Coface has launched TradeLiner Capital Goods, to protect sales of capital goods and services on a single-transaction basis. The company…
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Kenyans nervous as five die following election results
Five people have died in Kenya following Tuesday’s election and the reported lead of sitting President Uhuru Kenyatta Opposition leader…
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S&P affirms African Development Bank rating
S&P Global ratings has followed Fitch with its affirmation of African Development Bank’s (AfDB) AAA/A-1+ ratings with the outlook stable.…
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UK SMEs urged to protect against cyber breaches
As many as 875,000 UK SMEs may have suffered a cyber security breach in the past 12 months, according to…
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Time for insurers to step up
Anne-Marie Fournier, AMRAE board member and risk manager at luxury brands group Kering, told Adrian Ladbury that risk managers in…
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Time to shift from awareness to action on cyber: Cotelle
We spoke to Philippe Cotelle, head of insurance and risk management at Airbus Defence & Space since 2014, is a…