Obituary: Dawid Welman

Obituary: Dawid Welman

Obituary: Dawid Welman

Dawid Welman, founder of the Namibian chapter of the Institute of Risk Management South Africa (IRMSA) and head of group risk management at Ohlthaver & List Group of Companies (O&L Group), has died suddenly. An IRMSA statement said: “It is with great sadness that we advise of the recent passing on of one of IRMSA’s most esteemed members, Dawid Welman.…

Risks of ill health at work highlighted as Lesotho tops female suicide list

Risks of ill health at work highlighted as Lesotho tops female suicide list

Risks of ill health at work highlighted as Lesotho tops female suicide list

Lesotho has topped the suicide list for women globally, as the World Health Organisation (WHO) revealed someone commits suicide every 40 seconds. Companies are being urged to encourage staff to be more open about mental health issues. Anna Brattstrom, global head of statistics and analytics at Axco Insurance Information Services, said: “Last month, we celebrated the Time to Talk Day 2019 – a…

Moroccan banks still challenged by weak asset quality and capital adequacy

Moroccan banks still challenged by weak asset quality and capital adequacy

Moroccan banks still challenged by weak asset quality and capital adequacy

Weak asset quality and capital adequacy continue to weigh heavily on Moroccan banks’ standalone viability, according to a new report by Fitch Ratings. “All Moroccan banks’ IDRs are driven by our assumption that the banks would receive support, if needed, from the Moroccan sovereign (BBB-/stable) or their institutional shareholders,” it said. Fitch warned the average impaired loans/gross loans ratio reported…

Risk of ratings agency downgrade for South Africa recedes

Risk of ratings agency downgrade for South Africa recedes

Risk of ratings agency downgrade for South Africa recedes

South Africa’s economy is slowly recovering, however the employment picture continues to cause concern, according to the latest economic figures. Maarten Ackerman, chief economist and advisory partner at Citadel, said: “The positive signs are likely to keep the ratings agencies at bay. However, whether you look at the 1.4% quarter-on-quarter, seasonally adjusted annualised growth for Q4 2018 or the 0.8%…

Two insurance lawyers switch to ENS

Two insurance lawyers switch to ENS

Two insurance lawyers switch to ENS

ENSafrica, which claims to be Africa’s largest law firm, has welcomed the return of Rob Scott and Nicole Gabryk as executives in its dispute resolution department. Mr Scott will head up the firm’s insurance practice group, where his focus will include assisting clients looking to expand their insurance interests across Africa and to take advantage of the growth of the…

Nigerian government urged to press ahead with reforms

Nigerian government urged to press ahead with reforms

Nigerian government urged to press ahead with reforms

Following the closely contested 2019 elections and the re-emergence of Muhammadu Buhari as President of Nigeria, he is being urged to act quickly or face new economic risks. Investment house Afrinvest said: “In our view, President Buhari’s victory presents him [with] a new opportunity to choose between setting the country on the path to prosperity or sustaining poor policy choices,…

Commercial Risk Africa launches new risk management service

Commercial Risk Africa launches new risk management service

Commercial Risk Africa launches new risk management service

Commercial Risk Africa has launched Marketplace to provide risk managers with useful contacts across the continent, from insurers and insurance brokers to legal and accounting services as well as risk management consultancies. Launching with a few contacts, this new directory will build to provide risk managers with a great resource for the future. So, if you are entering a new…

RIMS report highlights need for active shooter plan

RIMS report highlights need for active shooter plan

RIMS report highlights need for active shooter plan

US risk association RIMS has produced a new report – Active Shooter Preparedness for Your Organisation – encouraging its members to customise an active shooter plan that focuses on prevention, training, feedback and post-incident protocols. In doing so their workforce will be mentally and physically prepared to react to violent threats, the report says. The need for this was recently…

Afreximbank upgrades risk management function

Afreximbank upgrades risk management function

Afreximbank upgrades risk management function

The African Export-Import Bank (Afreximbank) has upgraded its compliance function to a full department, naming long-serving banker Maureen Mba as director. Before her appointment, Ms Mba was associate director in charge of the compliance unit, as it then was, having assumed that position in 2017. Prior to that, she served as manager, compliance, from 2005. Ms Mba joined Afreximbank from…

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