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Africa
Risk managers must not run risk of missed opportunities
Missing opportunities can be the downfall of many businesses, too busy dealing with the here and now instead of looking to the future. Risk managers too must be mindful of…
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Asia
QBE chief executive steps down
Australia-based insurer QBE has announced the departure of its chief executive John Neal after five “challenging” years in the role. Mr Neal will be replaced by Pat Regan, former chief…
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Asia
Deloitte opens Asia-Pacific blockchain lab in Hong Kong
Consultant Deloitte has officially unveiled its Asia-Pacific blockchain lab and chosen Hong Kong as its home. The lab is designed to implement and deploy distributed ledger technology (DLT) or blockchain-related…
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Africa
Outside the box thinking
Nothing stays the same for long. We all know that and are having to get used to an increasingly fast pace of change. But this year seems more extraordinary than…
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Africa
Keeping their feet on the ground
Brokers networking group Brokerslink is stepping up its already strong involvement across Africa. Liz Booth spoke to Ana Borges, CEO of MDS Africa and regional director for the Middle East…
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Africa
Masawara Group takes on new IT solution
Insurance technology specialist SSP has signed a new deal with the Masawara Group of insurance companies, deploying SSP Pure Insurance across Botswana Insurance Company, Lion Assurance Company and Zimnat Lion…
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Africa
Insurtech focuses insurance industry on new customer solutions
Insurtech offers real opportunity for the insurance industry to deliver innovation and will provide risk managers with new solutions for risk transfer and mitigation, according to two new broker reports.…
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CRE Insurance
Insolvencies fall again in CEE region
Companies operating in central and eastern Europe (CEE), or trading with companies in the region, will welcome news that fewer insolvencies were reported in 2016, down 6% last year following…
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Africa
World Bank boosts job opportunities in Tunisia
A new World Bank project in Tunisia is to help firms meet demands in national and international markets as a way of boosting employment in the country. The new $60m…
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Asia
CIRC issues alcohol ban for all staff as crackdown continues
China’s insurance watchdog, the China Insurance Regulatory Commission (CIRC), has issued a ban on the consumption of alcohol across all of its offices, subsidiaries and departments. The move is seen…
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Asia
Chinese online insurer ZhongAn plans $1bn IPO in HK
China’s first online-only insurer, ZhongAn Online Property and Casualty, has been given the green light to launch an Initial public offering (IPO) in Hong Kong, which is expected to raise…
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Asia
HDI Global hires new Singapore MD
Graham Silton has been appointed as managing director of HDI Global SE Singapore with effect from 1 October 2017, taking over from Nicholas Cheng who will retire at the end…
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CRE Insurance
Swiss Re takes top spot in Best’s top 50 global reinsurance groups
AM Best’s annual ranking of the top 50 global reinsurance groups in 2016 has seen Swiss Re replace Munich Re as the leading reinsurer. Best said the change in the…
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Africa
Wills Re poll shows concern over silent cyber exposure
The risk transfer industry is increasingly concerned by “silent” or unknown cyber exposures that fall under policies not specifically designed to cover cyber risk, according to a survey by Willis…
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Asia
Guy Carpenter brings in new Pacific CEO
Reinsurer Guy Carpenter has appointed Andre Eisele as its chief executive for the Pacific region. He joins from Swiss Re, where he was head of client markets property and casualty…
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CRE Insurance
No end in sight for soft insurance market as cycle bucks trend, says Guy Carp
The soft insurance market looks set for a good while yet as insurers buck previous cycle trends and things continue to look rosy for them and, ultimately, their customers, according…
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Captives
Strong performance in 2016 by Best-rated Bermuda and Cayman captives
AM Best-rated Bermuda and Cayman captives have continued their strong operating performance, posting financial results that were profitable and in line with historical averages in 2016. Premium leverage ratios improved,…
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CRE Insurance
Arthur J Gallagher acquires Swedish P&C broker Nordic
Arthur J Gallagher has acquired property and casualty insurance broker Nordic Försäkring & Riskhantering AB in Gothenburg, Sweden. Gallagher said Scandinavia is a core area of strategic development and the…
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CRE Insurance
Growth and M&As in MGA market fuelled by challenging market
Guy Carpenter has said that challenging market conditions are fuelling growth and merger and acquisition (M&A) activity in the managing general agent (MGA) market, with recent acquisition multiples extremely high…
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CRE Insurance
Lloyd’s MGA Sciemus gains investment and rebrands as Argon Underwriting
Specialty Lloyd’s managing general agent Sciemus has formed an investing partnership with HSCM Bermuda. Sciemus, which focuses on the space, power, renewable energy, cyber and mining industries, has secured a…