-
Cyber & Technology
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 across the globe earlier this year, according to AIG. The…
-
Asia
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 insurer’s business across Malaysia. The role will also entail responsibility…
-
Africa
D&O liability insurance: an essential component of risk management
Directors and officers of all organisations are facing an increased risk of personal exposure. Their roles and responsibilities have become progressively more onerous in recent years, mainly as a result…
-
Africa
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 Banfield joined the business from Arch Underwriting Managers. She has…
-
CRE People Moves
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 transfer to Chicago from New York to take on trade…
-
Africa
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, according to the latest AJG Credit and Political Risks Insurance…
-
Africa
Currency crisis impacts travel habits
Putting currency risk at the heart of travel trends, a new report reveals a major drop in airline seats to Nigeria. Risk managers have been placing currency risk as a…
-
CRE People Moves
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, Mr Bongi will be responsible for establishing and developing Brit’s…
-
Executive & D&O
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 first companies in the country to implement an Uber-style service.…
-
Africa
African hospitality sector set to profit from foreign investment
Risk managers in the hospitality sector should be aware of an influx of both foreign investment and foreign travellers to hotels across the continent. The emerging markets are set to…
-
Africa
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 same period of 2016. The corporation said growth was driven…
-
GRM Insurance
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 is a managing general agent providing property catastrophe insur... Want…
-
Africa
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 African country to B-. It has, however, given the country…
-
Africa
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 and deteriorated market sentiment could continue to have a negative…
-
Africa
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 from lung diseases. Mining News reported that Anglo American has set…
-
Africa
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 fund has received commitments of $550m from anchor investors. The…
-
Africa
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 said the cover will protect companies against three major risks:…
-
Africa
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 Raila Odinga is challenging the legitimacy of the results to…
-
Africa
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. S&P said: “We expect AfDB will further increase its lending…
-
Cyber & Technology
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 research from Zurich Insurance. Results from the latest Zurich SME…