Coface South Africa signs new partnership with Identity Partners

Coface South Africa signs new partnership with Identity Partners

Coface South Africa signs new partnership with Identity Partners

Coface South Africa has signed a new partnership contract with Identity Capital Partners, a Johannesburg-based black women-owned and managed investment firm, opening up a share of 25% of its capital to the B-BBEE Investment Holding Company. It said the partnership is a unique opportunity for Coface South Africa to affirm its commitment to broad-based black economic empowerment (B BBEE), while…

Will diesel emissions fuel a rise in personal injury claims?

Will diesel emissions fuel a rise in personal injury claims?

Will diesel emissions fuel a rise in personal injury claims?

Evidence of the harmful effects of diesel emissions is growing, resulting in it being likened to another toxic ‘timebomb’. These developments are likely to require corporates and their insurers to reconsider their approach to this developing risk. A new inquest into the passing of a child who died from asthma was recently ordered, following evidence that the death may be…

African reinsurer bought in run-off

African reinsurer bought in run-off

African reinsurer bought in run-off

Legacy acquirer DARAG Group has bought One Re, a London-based non-life reinsurance company that provided reinsurance to African insurers. The transaction will be conducted through DARAG’s German risk carrier, DARAG Deutsche Versicherungs-und Ruckversicherungs-AG, and is subject to regulatory approval. The price tag has not been disclosed but it is DARAG’s first UK acquisition and follows the completion of a capital…

Brokerslink continues African regional growth with three new affiliates

Brokerslink continues African regional growth with three new affiliates

Brokerslink continues African regional growth with three new affiliates

Global insurance broking business Brokerslink has signed up three new African affiliates, bringing its presence across Africa and the Middle East to 36 countries. The new affiliates are: Assureurs Conseil Réunis in Gabon Indian Ocean Risk Solutions in Madagascar and the Comoros KEK Insurance Brokers in Liberia. Tiago Mora, Brokerslink’s regional manager for the Middle East and Africa, said: “The…

Strong economic growth boosting life insurance sales

Strong economic growth boosting life insurance sales

Strong economic growth boosting life insurance sales

Countries in Sub Saharan Africa (SSA) are set to grow their life insurance and reinsurance industries on the back of strong economic growth – life insurance is often a precursor to a healthy general insurance market in emerging states. Filipe Nunes, head of life at Munich Re of Africa (MRoA), told attendees at the reinsurer’s 2019 Africa Life Conference that…

New network member management team for MAXIS GBN

New network member management team for MAXIS GBN

New network member management team for MAXIS GBN

MAXIS Global Benefits Network (MAXIS GBN) has expanded its network member management team with two new appointments. The international employee benefits network has promoted Trudie Roberts and Greg Tew to the position of member managers for the Europe, Middle East and Africa (EMEA) region. MAXIS GBN said the move to expand the team was “to cater for the continued growth…

Dive In diversity festival opens for fifth year

Dive In diversity festival opens for fifth year

Dive In diversity festival opens for fifth year

The global insurance industry’s Dive In Festival, to promote diversity and inclusion (D&I), has opened for registration for its fifth year, with a record number of countries taking part. Adopting the theme #inclusionimpact, organisers said the festival wants participants to consider ways their business can make an impact on D&I issues. The Dive In Festival will take place on 24-26…

Zurich’s CRO Alison Martin replaces Blanc as CEO of EMEA

Zurich’s CRO Alison Martin replaces Blanc as CEO of EMEA

Zurich’s CRO Alison Martin replaces Blanc as CEO of EMEA

Zurich has appointed its group chief risk officer Alison Martin as CEO of Europe, Middle East & Africa (EMEA), following the shock resignation of Amanda Blanc from the role last week. Ms Martin will also be CEO of bank distribution at the insurer and will continue to oversee its risk management team until a successor can be found. She takes…

Don’t let the bed bugs bite!

Don’t let the bed bugs bite!

Don’t let the bed bugs bite!

Bed bugs have been around since the dawn of time; originally, they were using bats as hosts and began feeding on humans while we were still living in caves. They were a common sight in the pre-insecticide era, where it is estimated they were resident in 30% of households. Recent years have seen species migrating northwards as temperatures increase. While…

Kenyan insurers see reduced costs, faster claims settlement on direct premiums collection

Kenyan insurers see reduced costs, faster claims settlement on direct premiums collection

Kenyan insurers see reduced costs, faster claims settlement on direct premiums collection

Patrick Alushula reports on a parliamentary decision set to benefit insureds and insurers at the expense of brokers and intermediaries Risk managers and insurance buyers are expected to welcome a Kenyan parliament move that should speed up the insurance-buying process. The cost of administration for insurance policies should fall while the claims settlement period should also reduce, according to the…