African insureds warned to act early on renewals

African insureds warned to act early on renewals

African insureds warned to act early on renewals

Insureds across Africa have been warned to start talking early to their brokers about upcoming renewals, in the face of the Covid-19 pandemic. James Battersby, chief broking officer, central and eastern Europe, Middle East and Africa at Willis Towers Watson (WTW), warned insureds will need to produce more information and spend longer on the renewal process as the pandemic unfolds.…

S&P affirms ATI rating, despite Covid-19

S&P affirms ATI rating, despite Covid-19

S&P affirms ATI rating, despite Covid-19

S&P Global Rating has reaffirmed African Trade Insurance Agency’s (ATI) creditor rating of ‘A’ with a stable outlook (A/stable), noting ATI’s “policy importance” to the region. In what is a positive sign for the insurance market, the move comes as Fitch announced downgrades in the African banking sector. It downgraded Tunisia-based Wifak International Bank’s (Wifak) national long-term rating to BB-(tun)…

Shaun Scandling named as MD of HDI Global in South Africa

Shaun Scandling named as MD of HDI Global in South Africa

Shaun Scandling named as MD of HDI Global in South Africa

HDI Global has appointed Shaun Scandling as managing director of its South African subsidiary with effect from 1 May 2020, succeeding Kurt Müller, who will step down at the end of June to retire. Mr Scandling joins HDI from AIG where he was a member of the executive committee of AIG South Africa and held various roles since the year…

Nigerian insurers offer free cover to health workers

Nigerian insurers offer free cover to health workers

Nigerian insurers offer free cover to health workers

Nigeria’s President Muhammad Buhari has commended the insurance sector for supporting the government with free insurance cover for frontline workers. Reported by Business Journal, the President said: “In keeping with our government’s promise to improve the welfare of healthcare workers, we have signed a memorandum of understanding on the provision of hazard allowances and other incentives with key health sector…

Chubb names marine head for Eurasia and Africa

Chubb names marine head for Eurasia and Africa

Chubb names marine head for Eurasia and Africa

Chubb has appointed Güney Çelik as its new head of marine for Eurasia and Africa. Based in Istanbul, Mr Çelik previously headed up Chubb’s marine portfolio in Turkey. Mr Çelik will report to Emre Bugday, country president for Chubb Turkey, Nikolay Dmitriev, regional director for P&C, and Benoit Chasseguet, regional marine manager for continental Europe. Giles Ward, regional president for…

Kenza Bencheikh given global services role at Willis Towers Watson

Kenza Bencheikh given global services role at Willis Towers Watson

Kenza Bencheikh given global services role at Willis Towers Watson

Kenza Bencheikh has been appointed to the newly created role of global services and solutions (GSS) leader for central and eastern Europe, the Middle East and Africa, at Willis Towers Watson (WTW). GSS is a team of dedicated specialists across the globe who focus on serving WTW’s largest multinational clients. Ms Bencheikh will work with global teams for major clients…

Togo becomes latest country to join ATI

Togo becomes latest country to join ATI

Togo becomes latest country to join ATI

Togo has become the latest member of the African Trade Insurance Agency (ATI), as African countries look to protect themselves against the expected trade and investment insurance capacity impact from Covid-19. Togo is the 18th African sovereign shareholder. Togo’s membership, backed by the European Investment Bank, reflects a trend that has seen a record number of west African countries join…

BCI survey finds organisations now looking to pandemic recovery phase

BCI survey finds organisations now looking to pandemic recovery phase

BCI survey finds organisations now looking to pandemic recovery phase

A growing number of organisations are moving towards the recovery phase of their initial Covid-19 response and considering what the future shape of their business will look like, according to the latest Coronavirus Organizational Preparedness Report by the Business Continuity Institute (BCI). The fortnightly survey of business continuity, risk and other experts around the world also found that more companies are…

Brokerslink adds Congo Brazzaville intermediary

Brokerslink adds Congo Brazzaville intermediary

Brokerslink adds Congo Brazzaville intermediary

Intermediary network Brokerslink has added African business Gramon to its international chain. Brokerslink said the broker, based in Congo Brazzaville, strengthens Brokerslink’s presence in the Africa region, an area of strategic significance for the organisation. Established in 2012, Gramon currently has three offices in the Republic of Congo and plans to open a fourth in Kinshasa, Democratic Republic of Congo,…

AGCS warns marine transport risk managers to focus on cargo storage and transit risks

AGCS warns marine transport risk managers to focus on cargo storage and transit risks

AGCS warns marine transport risk managers to focus on cargo storage and transit risks

Cargo shippers and transportation companies face a heightened risk environment because of serious disruption to the global supply chain caused by the Covid-19 pandemic, according to Allianz Global Corporate & Specialty (AGCS). The insurer said there is a higher threat to goods in storage and transit, especially those that are high value, perishable or temperature-sensitive. It added that the growing…