Asia engineering insurance experience brought to Mauritius

Asia engineering insurance experience brought to Mauritius

Asia engineering insurance experience brought to Mauritius

The Insurance Institute of Mauritius (IIM) recently organised an engineering training week together with Talent Asia Training and Consulting. Staff from insurance companies, brokers, reinsurance brokers, reinsurers and loss adjusters attended the five-day event. The five days included a look at topics related to engineering insurance, including: CAR/EAR insurances IAR/MB insurances CECR insurance and how it works. IIM president Jean-Yves Violette…

Global manufacturing supply chains failing to make progress on child labour risk, finds Verisk Maplecroft

Global manufacturing supply chains failing to make progress on child labour risk, finds Verisk Maplecroft

Global manufacturing supply chains failing to make progress on child labour risk, finds Verisk Maplecroft

Global manufacturing supply chains that operate through the world’s major hubs are making little or no progress in stamping out child labour, finds new research from Verisk Maplecroft. In its Child Labour Index, the risk analytics firm said manufacturing hubs most entwined in global supply chains – including China, India, Bangladesh, Vietnam and Cambodia – have “not recorded any improvement”…

Services sector spurs Ethiopia growth

Services sector spurs Ethiopia growth

Services sector spurs Ethiopia growth

A strong performance in the services sector is helping Ethiopia continue strong economic growth, according to the World Bank. However, the pace of growth has slowed, says the bank, thanks to sluggish industrial growth driven by lower construction due to foreign exchange shortages and weaker performance of manufacturing and agricultural sectors. The World Bank’s latest economic update said: “Impressive growth of…

Ethiopia gets boost for renewable funding

Ethiopia gets boost for renewable funding

Ethiopia gets boost for renewable funding

The African Development Bank (AfDB) is to put almost $1m into renewable projects in Ethiopia. The Sustainable Energy Fund for Africa (SEFA), managed by the AfDB, has approved a $995,000 grant to support the rollout of a sustainable procurement framework for independent power producers (IPPs) in Ethiopia. The SEFA grant will encourage private investments into hydropower projects through Ethiopia’s Renewable…

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…

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