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CRE Insurance
Reinsurance rules holding back Brazil’s primary market
Restrictions over the transfer of insurance premium to reinsurers are hampering development of Brazil's corporate insurance market, experts said at a conference this week.
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Aviation
Aviation rates ease despite claims in Q1
The direction of airline insurance rates remains unclear following the loss of the Germanwings A320 in March, although abundant capacity and an overall positive safety trend point to further market…
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CRE Insurance
Willis calls for innovation and broader cover in energy market
Energy insurers need to step up efforts to provide buyers with more innovation and a wider range of new products and services in the face of mounting competitive pressure, record…
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CRE Insurance
Cobalt launches first sharia compliant product at Lloyd’s
The first sharia compliant product offered by Lloyd's was revealed this week by Cobalt Underwriting, the specialist sharia compliant managing agency launched by XL Group.
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Benelux
ACE off to ‘flying start’ Verhulsdonck tells Benelux risk managers
Ron Verhulsdonck, Country President for ACE in the Benelux region, told a gathering of leading Belgian and Dutch risk managers last week that the company had got off to a…
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Climate Change
Corporate round-up
BrokersLink restructures board to drive new global broking company, Equinox Global forms specialist claims function under guidance of John Davison, Cunningham Lindsey appoints head of major loss and international business,…
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Africa
Kenyan authorities act fast to restore confidence after latest terror attack
The Kenyan government has imposed financial sanctions on 86 organisations with immediate effect in the wake of the Al Shabaab terror attack on Garissa University.
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Africa
Historic Nigerian vote sees Buhari oust Jonathan
Nigeria’s presidential election marked an important moment in history for the west African nation—the first time an incumbent administration was voted out at the polls.
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Africa
Risk managers at IRMSA to sit first formal professional exams on African continent
Risk managers in South Africa have been invited to sit the first formal risk management qualifications in June this year.
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Africa
Cost of Ebola outbreak still emerging in Liberia as first insurance payouts made
The first insurers have started to pay out to the beneficiaries of victims of the recent Ebola outbreak in Liberia.
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Africa
Africa Re continues to grow following two global investment deals
In less than one month, Africa Re has signed two agreements with two leading global investors. The latest was signed on 25 March, 2015 with Fairfax Financial Holdings, which paid…
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Africa
Underemployment, food and disease top Sub Saharan Africa’s risk list
The United Nations (DESA 2014) estimates that more than two-thirds of the world’s population will live in cities by 2050, led by Africa and Asia. It estimates that 56% (currently…
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Africa
News in brief
Global natural catastrophes down, Little prospect of reducing economic losses, Kenya shilling set to weaken and SA tax law leads to range of benefits.
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Africa
Nigeria ‘cash-before-cover’—regulator confident
The Nigerian regulator has hit back at insurers and reinsurers concerned that the local content regulations and cash before cover rules have had some unintended consequences.
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Africa
In or out?
Threats to business do not necessarily come in big packages. Things that seem innocuous or trifling can play a major disruptive part. Take the traffic jams in Nairobi, for instance.…
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Africa
Continental Re launches specialist construction, property and engineering risk services subsidiary
Continental Reinsurance has launched a new specialist subsidiary, Continental Property and Engineering Risk Services (CPERS) to meet the growing demand for specialist engineering insurance risk advisory services, which is currently…
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Africa
Ratings picture is mixed following fall in oil revenues, fiscal pressure
The falling oil price is impacting rating agency confidence in some African countries. Among a flurry of rating actions, Fitch Ratings has revised the Outlook on Angola’s Long-term foreign and…
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Africa
Not-for-profit home lender continues its expansion
Home Finance Guarantors Africa (HFGA) has expanded into Zambia and has plans for further expansion across Africa after years of successful operations in South Africa.
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Africa
Trend for Kenyan mergers and acquisitions continues to escalate
Steve Mbogo reports from a Kenyan insurance market buzzing with takeovers and new entrants.
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Africa
On the expansion trail
South Africa’s Liberty Group has been growing fast across the continent. Liz Booth meets Mike du Toit, who has spent the past four years as regional managing director [Strategic Growth]…