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Africa
Corporate round-up
AIG extends product recall offering, RFIB opens South African office, JLT acquires Taiwan broker ForVision Risk Services, Swiss Re expands in Asia with $425m investment in FWD and UIB name…
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Africa
Westgate attack highlights need for right terror cover
Risk managers are being urged to check their terrorism cover in the wake of the attack on the Westgate shopping centre in Nairobi which killed more than 65 people and…
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Africa
Tougher line urged from African insurers at AIO Forum
Insurers are being urged to take a tougher line with their insureds in the wake of the fire at Nairobi airport earlier this year.
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Africa
Nigerian insurers reassure market on the extent of piracy threat
Nigerian insurers were calling on the marine market not to overplay the damage being done by pirates off the west coast of Africa and warned that talk of pirate attacks…
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Africa
Business power is shifting towards emerging markets
Companies from emerging markets are likely to increase their share of Fortune 500 companies to around 45% as economies in these regions boom. This latest figure comes from data from…
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Africa
News in brief
Asbestos claims settled, New broker office in South Africa, Help on way to reduce stowaways, Fitch affirms rating for Santam, Zurich to merge offices and Gold mine ahead of schedule.
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Africa
Keep calm and carry on – comment
The tragic loss of life in Nairobi last month has brought home the vulnerabilities and difficulties for security forces anywhere in the world to stop a terrorist attack. Kenya has…
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Africa
African cities prove safe but fear of crime high
When it comes to natural catastrophes African cities are relatively safe places for their citizens and businesses that operate in urban areas, according to a recent report by Swiss Re.
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Africa
Terror attacks unmask other problems for Kenya
For Kenya, the Westgate terrorist attack could not have come at a worse time for business. It was only a month ago when the World Bank rated the country as…
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Africa
Linking the chain – Volker Münch, AGCS
The ability to ensure steady supply of goods on time and to the right specifications will increasingly become the focus for buyers of African produce, according to Volker Münch, Global…
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Africa
Decisions, decisions – sector focus: captives
Forming a captive insurance company can save an organisation millions in premiums and give it total control over its insurance programme. But how do you know a captive is the…
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Africa
Tread lightly and think deeply – sector focus: energy
Jef Vincent, Chief Underwriting Officer at African Trade Insurance Agency, asks how to unlock opportunities in Africa’s energy sector.
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Africa
East African earthquake less of a risk then realised
Compared to some parts of the world, Africa is relatively safe from major natural catastrophes, however, that does not mean there is no risk at all. Liz Booth spoke to…
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Africa
Keeping business African
The role of insurance in facilitating economic growth should not be underestimated, particularly in the African continent where the opportunity for growth has never been greater. Speakers at the recent…
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Africa
MENA risk transfer market continues growth but challenges remain
A recent report on the MENA insurance and reinsurance market shows continued above average growth despite recent political tension in the region. Commercial Risk Africa Editorial Director Adrian Ladbury reports…
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Association News
Airmic set to deliver Axco-based global programme compliance solution in 2014
In partnership with Axco, the insurance information specialists, Airmic expects to deliver a solution for members struggling with compliance issues on global programmes by the middle of next year.
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Association News
AMRAE wins price reductions from French terror pool
The French risk management association AMRAE is celebrating a lobbying victory after the country's terrorism pool agreed to a change that will reduce the cost of mandatory terrorism reinsurance coverage.
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CRE Insurance
IAIS to develop first global insurance capital standard by 2016
The International Association of Insurance Supervisors (IAIS) yesterday committed to develop a global risk-based insurance capital standard (ICS) by 2016.
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CRE Insurance
EC’s proposed 2016 deadline for Solvency II gets mixed reception
The EC's newly proposed 1 January, 2016 start date for Solvency II has received a mixed reaction from market players with Insurance Europe warning insurers will face increased costs as…
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CRE Insurance
Fresh capacity and lack of cat losses softens US property market
Global broker Willis expects US commercial insurance buyers to enjoy even better market conditions in 2014 because of falling property rates and an easing of what it terms 'recent upward…
