OESAI names new secretary general

OESAI names new secretary general

OESAI names new secretary general

Linet Macharia has been appointed as the secretary general and CEO of the Organisation  of Eastern and Southern Africa Insurers (OESAI). Ms Macharia will be responsible for the day-to-day running of the OESAI, implementing the organisation’s strategy and marketing, developing relationships with OESAI key stakeholders, and creating value for OESAI members and the industry through various OESAI services and activities.…

Mauritius creating regional centre to strengthen insurers’ collaboration

Mauritius creating regional centre to strengthen insurers’ collaboration

Mauritius creating regional centre to strengthen insurers’ collaboration

The Mauritius Financial Services Commission (FSC) is launching a regional centre of excellence to strengthen insurance regulation and partnership among regulators from southern and eastern Africa. The move comes as Mauritius looks at ways in which it can enjoy an equivalent jurisdiction with South Africa, which has recently adopted the SAM regulations, which in turn demand standards of all those…

Ethiopia crash poses huge questions for Boeing

Ethiopia crash poses huge questions for Boeing

Ethiopia crash poses huge questions for Boeing

In the wake of the Ethiopian Airlines crash last week and the Lion Air crash five months ago, analysts are beginning to ask if aircraft manufacturer Boeing can survive the economic impact. Boeing’s share price has fallen by more than 10% from a week ago, when it hovered near all-time highs, wiping $25bn off its market capitalisation. It is already…

New York, London and Hong Kong are top three financial centres

New York, London and Hong Kong are top three financial centres

New York, London and Hong Kong are top three financial centres

New York is still the leading financial centre in the world, followed by London and Hong Kong, according to the 25th Global Financial Centres Index, published by Z/Yen Partners and the China Development Institute. According to the index, New York remains in first place, just seven points ahead of London, with Hong Kong four points behind London in third. Singapore…

Boeing suspends entire 737 Max fleet as insurance details come to light

Boeing suspends entire 737 Max fleet as insurance details come to light

Boeing suspends entire 737 Max fleet as insurance details come to light

Boeing has suspended all 371 of its worldwide 737 Max aircraft fleet, after the US became the last major country to ground the planes over safety fears. The decision follows news that Global Aerospace is the lead insurer for Boeing, with Chubb confirmed as lead underwriter of the Ethiopian Airlines plane that crashed on Sunday and Willis Towers Watson the broker…

EU bans Boeing Max as Global Aerospace confirmed lead insurer

EU bans Boeing Max as Global Aerospace confirmed lead insurer

EU bans Boeing Max as Global Aerospace confirmed lead insurer

The EU has banned all Boeing 737 Max aircraft from flying in Europe over safety concerns, with more than half of the world’s 350-strong fleet now reportedly withdrawn from use. Meanwhile, Global Aerospace has confirmed it is the lead insurer for Boeing. The policy could see heavy product liability claims from the grounded aircraft, which now face serious questions. “I…

Chubb leads on Willis-brokered Ethiopian Airlines crash as safety fears mount

Chubb leads on Willis-brokered Ethiopian Airlines crash as safety fears mount

Chubb leads on Willis-brokered Ethiopian Airlines crash as safety fears mount

Chubb is the lead underwriter of the Ethiopian Airlines plane that crashed on Sunday with Willis Towers Watson the broker, a spokesperson for the intermediary has confirmed. The spokesperson was responding to Reuters following the crash of Ethiopian Airlines flight 302 shortly after take-off from Addis Ababa. All 157 passengers and crew were killed. Experts have placed the hull loss…

New east African trainer named for IRM

New east African trainer named for IRM

New east African trainer named for IRM

Pinebridge Training and Consulting has been accredited as a licensed Fundamentals of Risk Management (FoRM) provider for the Institute of Risk Management (IRM) and will be operating in Kenya, Uganda, Tanzania, Rwanda and Burundi. The IRM said: “The FoRM course is well respected and attracts delegates from a wide variety of organisations from all over the world. FoRM gives students…

Risk managers should monitor changing retail patterns

Risk managers should monitor changing retail patterns

Risk managers should monitor changing retail patterns

Risk managers should monitor Africa’s changing retail patterns, after the Rwandan government signed a deal connecting Rwandan shoppers directly with Chinese buyers and sellers. Internet users in emerging markets outnumber those in developed markets by a ratio of 2:1. Yet many emerging markets have struggled to access the benefits of digital commerce. The global market in digital commerce is estimated…

1 2 3 14