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Africa
Booming Angola acts as African launch pad for Portuguese broker MDS
Portugal-based independent broker MDS has taken a further step in its international expansion path through the creation of MDS Africa, a unit that will focus on insurance markets in Sub…
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Africa
Safety spotlight on tourism in Africa results in dramatic downturn in revenue
The risk to tourism businesses of an accident or crime involving overseas tourists has been highlighted by a series of events across Africa in the past month.
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Africa
Ignore people risk at your peril: EADS’ Schwager
Culture and the risk of poor communication are just the kind of risks that can easily be overlooked by risk managers as the risk agenda is relentlessly driven by external…
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Africa
Kenya Re invests in retakaful window following increased interest across continent
KenyaRehas launched a retakaful window in the wake of a major takaful conference in Egypt. Kenya Re has been handling retakaful business for some years but was faced with the…
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Africa
The global perspective – comment
Welcome to the third issue of Commercial Risk Africa, the monthly newspaper for risk and insurance managers with exposures to manage in Sub Saharan Africa.
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Africa
Demand seeks supply in African political risk market
The recent elections in Kenya may have put political risk insurance on the agenda there but risk managers operating anywhere in Africa should consider their exposures. Spreading the message on…
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Africa
Environmental claims are coming home to roost for parent companies
Nigerian farmers recent suing of Shell—for environmental damage—in a Netherlands’ court has raised the issue of increasing globalisation in environmental claims.
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Africa
The heart of the matter – Dr Elizabeth Stephens, JLT
After seven years working on the political risk account at broker JLT, Dr Elizabeth Stephens has seen more than her fair share of turmoil and violence around the world. As…
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Africa
To go boldly
The first annual Global Risk Frontiers (GRF) project kicked off late last year as the Commercial Risk Europe team attended both the IRMSA conference in Johannesburg, South Africa and RMIA…
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Africa
The role of risk management
Risk managers from Cape Town discuss whether CEOs take risk management seriously and understand the benefits of the profession, as well as how senior management can be persuaded to ‘buy…
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Africa
D&O rises up corporate agenda in South Africa
South African risk managers who work for global multinationals must not only deal with the social, political and economic challenges on their own home ground, but also find ways to…
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Africa
Time to knock down the ivory towers
Adrian Ladbury, Editor of Commercial Risk Europe, met Gert Cruywagen, Director of Risk at Tsogo Sun Group, founder of the Cruywagen-IRMSA Risk Foundation in 2009 and a member of the…
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Africa
Keeping a lid on it
Commercial Risk Africa’s Kapila Gohel met Martin Rossouw, Risk Services General Manager at Mediclinic International, the South Africa-based global healthcare group. One of the big risks faced is the management…
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Africa
The time is right
Mark Robins, Senior Vice President: Group Risk, at AngloGold Ashanti, the South African-based international gold mining group and member of the executive committee at IRMSA, believes that the time has…
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Africa
Governance code forces risk management action in corporate SA
The impact of the King committee corporate governance code [last updated by King III in 2009] for South African businesses cannot be overestimated. A good example of its impact is…
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Africa
Time to lose the gobbledygook
The Global Risk Frontiers survey asks risk managers how the discipline can be truly embedded within organisations to ensure that it plays an active role in decision making rather than…
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Africa
Risk leadership is critical
Leadership from the top is essential when attempting to tackle big corporate culture challenges and attempting to truly embed risk management through the organisation. The risk managers who took part…
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Africa
Added value is the key
Gillian Edworthy, Group Risk Officer of South African chemicals group AECI, believes that the best way to truly embed risk management in an organisation is to constantly show and deliver…
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Benelux
Battle over EU data protection rules delays introduction
Proposed amendments to the European Commission’s (EC) forthcoming Data Protection Regulation would place yet further obligations on business, experts have confirmed, but with a running battle between various sections of…
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Captives
Top risk manager says Solvency II is good for captives
A leading European risk manager said this week that Solvency II may be an administrative pain but it is actually good for captives because it inevitably demands a higher level…