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CRE Risk Management
UK to ‘fundamentally’ review Corporate Governance Code
The UK regulator is going to “fundamentally” review its country’s Corporate Governance Code. The review will consider issues raised by the UK government’s green paper and consultation on corporate governance…
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CRE Insurance
Swiss Re Corporate Solution names Jim George head of global claims
Swiss Re Corporate Solutions has appointed Jim George as global head of claims. Mr George succeeds Nicola Parton, who is now head of primary lead strategy & client engagement at…
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Africa
Court rejects Nigerian claims against Shell
Lawyers for more than 40,000 Nigerians will appeal an English High Court judgment handed down, which ruled that two polluted communities in the Niger Delta cannot seek redress against the…
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CRE Insurance
AGCS promotes Green in UK PI team
Allianz Global Corporate & Specialty (AGCS) has promoted Rob Green to senior underwriter in its UK professional indemnity (PI) team. The appointment is effective immediately. Mr Green will report to…
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Asia
Navigators assembles new management team for Asian expansion plan
US-based specialty insurer Navigators has appointed a new management team for its Asia division. The team, which will be based in Hong Kong, will be led by new managing director…
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Asia
Scandals highlight rising D&O risk in corporate Asia
High level executives in Asia corporates face a much greater risk of litigation and liability due to more stringent regulation, greater shareholder activism and the continued threat of cyber attacks.…
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Asia
Parima passes 1,000 member milestone
The Pan-Asia Risk and Insurance Management Association (Parima) has announced that its membership has exceeded the 1,000 mark. The milestone has been reached in just over three years, since its…
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Asia
‘End of globalisation’ biggest threat to APAC corporates: report
The potential end of globalisation is the number one threat to Asian companies, according to report from risk consultancy Control Risks. The report, which ranks the top five business risks…
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Asia
ADB calls for public/private disaster insurance scheme
The Asian Development Bank (ADB), a cooperative of financial institutions dedicated to reducing poverty in the region, has called for greater cooperation between governments and private insurers to mitigate Asian…
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Africa
SSA remains near bottom of the global corruption index
Botswana remains the least corrupt country in Sub Saharan Africa, according to Transparency International’s Corruption Perceptions Index 2016, in a year when more than two thirds of the 176…
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Africa
US lifts sanctions on Sudan
Lawyers at Steptoe & Johnson report that on 17 January 2017, the US Treasury Department’s Office of Foreign Assets Control published an amendment to the Sudanese Sanctions Regulations (SSR), 31…
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Asia
Asia-Pacific to spearhead growth of IoT insurance market
A report has placed Asia-Pacific at the forefront of the multi-billion-dollar Internet of Things (IoT) insurance market. According to market research firm Markets and Markets, the IoT will be worth…
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Asia
Pressure mounts on Chinese insurers to de-risk investments
Chen Wenhui, vice-chairman of the China Insurance Regulatory Commission (CIRC), has warned Chinese insurers that they need to take a more cautious approach with their investments, during a recent annual…
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Asia
Australian actuaries decry government rejection of cat fund plan
The Australian Institute of Actuaries (AIA) has urged the Turnbull government to review its recent decision to ignore advice from the Productivity Commission to create a $200m per annum disaster…
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Africa
French risk managers continue support of African colleagues
French risk management association AMRAE continues its investment in support of the growing French-speaking Africa risk management community as it held its third Francophone Club Risk Management day at its…
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Africa
Changing CIMA regulations expected to spark wave of mergers, acquisitions
A large wave of mergers and acquisitions is expected across the French Africa region, following the recent reforms under the Conférence Interafricaine des Marchés d’Assurances (CIMA) Code, according to…
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Africa
Learning from each other
Last year, Tsitsi Chitsamatanga participated in our Risk Frontiers Africa survey along with more than 900 other risk managers and 450 individuals from the world of risk transfer. One of…
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Africa
Product recall legislation on the rise in southern Africa
Risk managers need to be aware that South Africa’s Consumer Protection Act 68 of 2008 (CPA), which came into effect in April 2011, was the country’s first foray into consumer…
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Africa
Kenya — Uncertainty ahead in 2017
National elections provide a period of excitement, especially in growing democracies, but in Kenya it is time for hopelessness. The cycle of election violence that has existed for more…
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Africa
Food, glorious food
Africa has sometimes been described as the world’s bread basket, but much of the continent is still plagued with difficulties including adverse climates and political risks, which hamper the region’s…