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Analysis & Opinion
Managing a product recall in Hong Kong
As the recent Samsung and VW product recall issues have shown, the consequences of a recall can be globally significant. Often, the need for product recall insurance is not recognised…
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Africa
Private equity poised for African growth
Despite numerous economic, political and regulatory risks faced by investors, private equity in South Africa continues to deliver long-term sustainable returns for its stakeholders and has outperformed major listed equity…
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Asia
IAG plans insurtech hub in Singapore
Insurance Australia Group (IAG) is the latest insurer to launch an insurtech centre in Singapore, in a bid to spread its presence across Asia. The so-called innovation hub will focus…
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CRE Insurance
Insurance Europe voices concerns over Common Corporate Tax Base proposals
Insurance Europe has published a position paper on the European Commission’s (EC) proposals for a Common Corporate Tax Base (CCTB) and consolidation. Insurance Europe said that while it supports the…
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Africa
Trump and US sanctions – managing the risk
US trade and economic sanctions are tools to address national security, foreign policy and economic threats. For the past several decades, the vast majority of sanctions have been imposed by…
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Africa
Kenya farmers get largest ever payout as weather index insurance kicks in
Kenya pastoralists will receive $2.15m as compensation for loss of livestock in the ongoing drought, from Kenya Livestock Insurance Programme (KLIP), a World Bank- and Kenya government-backed agriculture insurance scheme.…
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CRE Risk Management
European firms face up to risks of mobile workforce
Only half of European firms have reviewed the health risks facing employees who travel for business, according to the results of a survey by International SOS. This is despite the…
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Aviation
Willis Towers Watson to buy French aviation broker
Willis Towers Watson is in talks to buy the French aviation business and 16-strong team of broker OAAGC. OAAGC is 40% owned by Gras Savoye, part of the Willis group…
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Africa
Ghana: the latest African country to suffer a negative outlook from rating agencies
Good economic governance will be the key to success after Ghana's disclosure of unreported expenditure and the resulting failure to hit the 2016 fiscal deficit target highlighted substantial risk to…
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CRE Risk Management
Sapin II to usher in whistleblowing culture
The newly approved Sapin II anti-corruption law in France will soon introduce mandatory whistleblowing channels for thousands of French firms. The rules, which come into force this June, will change…
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CRE Insurance
SCOR boxing clever as it continues drive into corporate market
SCOR intends to continue its expansion into the corporate insurance market, despite current competitive trading conditions. Adrian Ladbury met Victor Peignet, CEO of SCOR Global P&C, to find out how…
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Africa
RSA expands global network coverage in Africa
International insurer RSA has extended an existing partnership with the Africa-based insurance network, Globus, to service multinational customers in five more African countries. This new arrangement enables RSA Global Net...…
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Africa
Bryte Insurance emerges out of Zurich SA and Botswana
Zurich South Africa and Zurich Botswana have been rebranded as Bryte Insurance, following their acquisition by Canadian Fairfax Financial Holdings (Fairfax) last year. The company is stressing, however, that it…
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Africa
Insurers set to benefit from new Francophone Africa fund
Francophone Africa is set to get a boost for its financial sector, as a new financial fund is established. Created under the auspices of the West African Development Bank (BOAD),…
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CRE Legal Regulation
International Association of Insurance Supervisors names new secretary general
The International Association of Insurance Supervisors (IAIS) has appointed Jonathan Dixon as secretary general. He will join the secretariat on 1 September 2017 as part of a two-month transition, before…
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CRE Insurance
EIOPA publishes decision on collaboration of insurance supervisory authorities
The European Insurance and Occupational Pensions Authority (EIOPA) has published a decision on the collaboration of insurance supervisory authorities from all EU member states, in line with requirements laid down…
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Captives
EC recognises strength of Cayman Islands’ tax transparency regime
The European Commission (EC) has recognised the strength of the Cayman Islands’ tax transparency regime, as well as Cayman’s participation in the Organisation for Economic Co-operation and Development’s base erosion…
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Africa
Fitch affirms Zambia at ‘B’
Fitch Ratings has affirmed Zambia's long-term foreign and local currency issuer default ratings (IDRs) at 'B' with negative outlook. This follows the country’s “persistent fiscal deficits” and structural constraints. The…
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Captives
New figures show Bermuda remains leading captive domicile
Bermuda licensed 13 new captives in 2016, bringing the total number of active captive licences to 776 as at 31 December 2016, according to statistics released by the Bermuda Monetary…
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Climate Change
Climate change could soon impact D&O cover – Clyde & Co
Underwriters need to start asking searching questions about how businesses are responding to climate change, according to law firm Clyde & Co. The warning came at a Clyde & Co…