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Asia
Takata fights liability claims in US bankruptcy court
Beleaguered airbag manufacturer Takata is facing more legal troubles just weeks after filing for bankruptcy in a US court, and a number of the world’s biggest carmakers as well as…
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Asia
Chinese city pilots first ‘unhackable’ communication network
The city of Jinan in eastern China has successfully piloted an “unhackable” communications network using quantum communications technology, marking a possible milestone in the battle to protect critical infrastructure from…
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Asia
Singapore opens consultation on cybersecurity bill
The Cyber Security Agency of Singapore (CSA) and the Ministry of Communications and Information have released the much-anticipated Cybersecurity Bill for public consultation. The Bill, which has been almost two…
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Asia
Vietnam sees 21% growth in premiums in first half of 2017
Insurance companies in Vietnam have collected a total premium in the first half of 2017 of VND47.17trn ($1.8bn), a 21% increase on the total premium for the same period in…
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CRE Insurance
US to sign covered agreement with EU on insurance and reinsurance
The US Department of the Treasury and the Office of the US Trade Representative have announced their intention to sign the bilateral agreement between the US and the EU on…
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Captives
Cayman adds 17 new captives in first half of 2017
The Cayman Islands added nine new insurer licences in the second quarter of 2017, according to statistics from the Cayman Islands Monetary Authority (CIMA). This brings the total number of…
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Aviation
Allianz announces online aircraft insurance partnership with Visicover
Allianz Global Corporate & Specialty (AGCS) has partnered with award-winning insurtech company, Visicover. Visicover will now offer its existing and new aeroplane and helicopter policyholders insurance products underwritten b... Want…
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CRE People Moves
Renewables insurer GCube poaches duo from RSA
Specialist renewable energy insurer GCube Underwriting has recruited Steve Allen and Adam Hearn to the posts of director and senior underwriter, respectively, at its London office. Messrs Allen and Hearn…
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CRE Insurance
Cyber attack could cause $53bn loss on par with major storm such as Sandy: Lloyd’s
Losses from a major global cyber attack could be on the scale of a major natural catastrophe such as Superstorm Sandy, according to a new report from Lloyd’s and cyber…
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CRE Insurance
Axis Capital sets up Lloyd’s managing agency
Bermudian (re)insurer Axis Capital will establish its own managing agency at Lloyd’s, following final approval from regulators as part of wider plans to expand its presence in London and Lloyd’s.…
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Africa
Time to keep a watching brief
What happens in North Africa often impacts on the whole Sub Saharan African region. Liz Booth asks Toby Iles, a director in the Fitch Ratings’ Sovereign team, how he views…
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Africa
Liability of directors for corporate environmental transgressions – a South African case study
Daniel Le Roux and Christopher MacRoberts consider how recent prosecutions have shown the limits of directors and officers cover in environmental protection cases The risk environment for directors of…
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Africa
Opportunities for insurers threatened by fraud
Steve Mbogo reports from the Africa Bancassurance & Alternative Distribution Conference and the 7th Annual Africa Insurance & Reinsurance Conference, both held in Nairobi, last month Insurance companies in the…
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Africa
Strong headwinds
Gareth Stokes takes a look at the changing fortunes of South Africa and the impact on business South Africa, once the darling of emerging market Africa, is teetering at the…
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Africa
West Africa steams ahead despite challenges
Prince Cookey reports on manufacturing - a sector facing up to its challenges The manufacturing sector in west Africa seems to be steaming ahead despite daunting challenges. The optimism draws…
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Africa
Supply chain a strategic risk
With business interruption cited as the number one risk by risk professionals the world over in the annual Allianz Risk Barometer for four consecutive years, it is no wonder supply…
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Africa
Insured risks escalating as supply chains grow in complexity
Increased incidence of natural disasters and accumulation of risk have pushed up global insured losses Supply chain is a global issue. More than 80% of the world’s goods are…
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Africa
Risk managers and supply chain must work together
Better communication within organisations can mitigate the issues of supply chain risk, delegates at Commercial Risk Africa's recent supply chain event in South Africa heard The breakdown of any…
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Africa
Risk managers face more challenges than ever before
The world has become a more politically uncertain and economically fragile place in the past year, with knock-on effects on every corner of the globe. More than 100 delegates attended…
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Africa
Chubb launches Ignite online platform for SME, middle-market companies
Chubb has unveiled Chubb Ignite, an online platform for brokers’ small and medium-sized commercial clients in South Africa. Chubb said the system “is quick and easy to use and allows…