Insurance
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New solutions key to traditional risk transfer industry weathering alternative capital storm
Current overcapacity in the risk transfer market, buoyed by an influx of alternative capital, means that reinsurers, insurers and brokers…
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Hurricane Gonzalo and cyclone Hudhud losses each up to $400m: AIR
AIR Worldwide this week estimated that insured losses in Bermuda from hurricane Gonzalo will range between $200m and $400m. It…
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Risk managers turn attention to Ebola threat as disruption grows
As the Ebola outbreak in west Africa spreads and the death toll rises, the crisis is increasingly causing disruption to…
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Insurers must view alternative capital as an opportunity to meet client demands say industry big hitters
Two leading insurers this week urged their industry to view the influx of alternative capital into the risk transfer market…
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Doubts over whether staff health and life policies will respond to Ebola
There are doubts as to whether staff health and life insurance policies taken out by their organisations would cover the…
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Reinsurers target corporate specialty lines for growth
Under intense pressure in their core markets, reinsurers are looking to increase their direct insurance and specialty operations, although the…
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German non-life insurers not blown off course by tough 2013: AM Best
German non-life insurers have remained resilient despite a tough 2013 when they suffered heavy nat cat losses, according to a…
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Brokers launch BI cover for Ebola/pandemics predominantly aimed at hospitals
Miller Insurance Services and William Gallagher Associates (WGA), a US retail insurance broker, have this week launched a pandemic business…
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Corporate round-up
MAPFRE ASISTENCIA opens new offices in France, JLT Specialty appoints new head of Cyber, Technology & Media E&O team in…
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African insurers stepping up to international standards says leading broker
As a result of the introduction of sweeping reforms within the African insurance industry its key players are now able…
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Global capital standards and protectionism a threat to business and cost of insurance: ABIR
Brad Kading, President of the Association of Bermuda Insurers and Reinsurers (ABIR), has warned that international insurance regulatory standards and…
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Concerns raised over financial interest clause legality: risk managers demand advice
Leading risk professionals in Spain this week warned that financial interest clauses (FICs) cause legal uncertainty in global programmes and…
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Common global RM language close
A global language for risk management could be achieved, according to leading African and European risk managers.
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Diversity is good for business
Diversity across any business is vital if it is to survive into the future, warned insurance and risk figures at…
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Focus on cross-border risks and challenges
The importance of an holistic approach to converging and emerging risks across borders, geographies and suppliers was highlighted at recent…
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News in brief
South African road data, Expat medical plans, AON/TNO oil modelling and Insurance expansion deal.
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The elephant in the room–comment
Had this been any ‘normal’ month, the front-page story in this issue of Commercial Risk Africa would have been the…
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SA insurers debate growing cyber risks
Cybercrime could be the ‘new asbestos’, delegates at a conference in Johannesburg were reminded recently.
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Incidents from the oil and gas industry dominate list of top losses, warns insurer
The increasingly high values at risk in industrial insurance claims have been high-lighted in a report from Allianz Global Corporate…
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AXA to produce African market intelligence reports
Risk managers could soon have access to increased market intelligence thanks to a new report service being launched by French-based…