-
CRE Insurance
Atradius appoints new head of risk services in UK and Ireland
Trade credit insurer Atradius has appointed Mike Thomas as head of risk services, UK and Ireland. Mr Thomas has worked at Atradius for almost 20 years, starting his career as…
-
Africa
Successful risk management keeps southern African insurance stakeholders in profit
It is not easy to measure the size of insurance markets in southern Africa. Even in South Africa, which boasts among the best financial systems in the world, analysts…
-
Africa
Transforming the insurance sector in Kenya
Winning consumer trust and designing insurance products fit for purpose is key in the drive to increase insurance penetration in Kenya, according to a group of insurers meeting recently in…
-
CRE Insurance
Emy Donavan replaces Pearson as AGCS global cyber head
Allianz Global Corporate & Specialty (AGCS) will appoint Emy Donavan as global head of cyber to replace Nigel Pearson who is leaving the post to “pursue other opportunities”. Ms Donavan…
-
Insurance
Kenya confirms early oil export in June
Kenya has confirmed today that it will start exporting its oil in June, after it signed an export agreement with oil well developers, known as the Kenya Joint Venture…
-
CRE Insurance
Aon Risk Solutions UK appoints new CEO
Julie Page has been appointed as CEO of Aon Risk Solutions (ARS) in the UK, effective 1 April 2017. She replaces Andrew Tunnicliffe, who has been with Aon since 2005,…
-
CRE Risk Management
US court hears VW emissions guilty plea
Car manufacturer Volkswagen (VW) has pleaded guilty to charges of fraud, obstruction of justice and falsifying statements to fix emissions tests on its vehicles. The guilty plea, delivered by general…
-
Barbican Insurance expands energy team
Barbican Insurance Group has appointed Marc Sullivan to its energy underwriting team. Mr Sullivan, who joins Barbican from Starr Underwriting Agents, will take on the role of class underwriter for…
-
Africa
Nigerian insurance rebranding project suffers another delay
The rebranding of the Nigerian insurance industry, scheduled to commence by the first quarter of 2017 after initially failing to meet its 1 October 2016 commencement date, could be delayed…
-
Africa
South African insurer grows premium but loses out on investment income thanks to forex strains
South Africa’s largest short-term insurer, Santam (JSE: SNT), announced full-year results on 2 March, for the 12 months ended 31 December 2016. In a year described as “a return to…
-
CRE Insurance
Insurers face $1bn-plus bill for February cat losses
Five severe US weather events during February are set to land insurers with a bill of more than $1bn for the month, according to Aon Benfield’s Impact Forecasting. February closed…
-
Captives
Exemption from NY cyber rules for some captives and risk retention groups
The New York Department of Financial Services has exempted non-domiciliary, or foreign, risk retention groups (RRGs) from compliance in a recent draft of its cyber regulation. Nevertheless, according to a…
-
CRE Insurance
Markel estimates Ogden rate change impact at $85m
Markel Corporation has said it expects to increase prior years' loss reserves for its run-off book of UK motor exposures during the first quarter of 2017, as a result of…
-
Geopolitical
Liberty International Underwriters adds GFR risk products in the US
Liberty International Underwriters (LIU), part of Liberty Mutual Insurance, has added global financial risk (GFR) coverage to its US product offering. Alexandre Egnell has been appointed as senior vice-president, with…
-
AIG
Cyber risks and the supply chain
Supply chain risk is a growing problem for companies, but one area that can sometimes be overlooked is the issue of supply chain cyber risk. Multinationals are increasingly reliant on…
-
Cyber & Technology
Starr launches drone coverage for building industry
Starr Companies has launched primary and excess liability coverage for drones in the US construction industry. As a joint initiative between Starr’s aviation and excess construction divisions, the product is…
-
Africa
Allianz appoints travel and assistance manager
Allianz Global Assistance has appointed Sharon Molotlegi as travel and assistance manager. Based in Johannesburg, Ms Molotlegi brings significant experience to the role, enabling her to manage and grow the…
-
Africa
PwC survey: Insurance CEOs optimistic over growth but concerned by regulation
Insurance CEOs are optimistic about their own companies’ prospects, although the cost and disruption of regulation continues to be industry leaders’ paramount concern, according to PwC’s 20th CEO Survey. The…
-
CRE Insurance
Markel International starts surety business in the UK
Markel International has launched a surety offering, appointing Damian Manning to head up its new team, with David Chandler as senior underwriter. The business will initially focus on the UK,…
-
CRE Insurance
EIOPA report highlights greater supervisory cooperation
The European Insurance and Occupational Pensions Authority (EIOPA) has said it will be looking for greater supervisory cooperation in information exchange and risk analysis. In its 2016 year-end report on…