Africa
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Aon and WTW terminate $30bn deal over DoJ ‘impasse’
Aon and Willis Towers Watson (WTW) have cancelled their $30bn merger over an “impasse” with the US Department of Justice…
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Swiss Re Corporate Solutions names new distribution head for EMEA
Swiss Re Corporate Solutions (SRCS) has appointed Caroline Pritchard as head of distribution management for Europe, Middle East and Africa…
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Marsh McLennan reports 20% higher revenue as staff move over from Aon-WTW
Marsh & McLennan reported a nearly 20% jump in revenue during the second quarter as economies continued to reopen after…
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Major disruptor could reshape African insurance markets
The risk of a major disruptor making serious inroads into the African insurance market is a threat never far from…
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New executive risk director for First City Monument Bank
Oluwatoyin Olaiya has been appointed as executive director, risk and compliance of First City Monument Bank Limited (FCMB), the banking…
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Insurance pricing increases yet to reach many of those on the ground across Africa
Increases in reinsurance pricing are not necessarily filtering through to those on the ground in Africa, as a lack of…
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Confidence remains despite current struggle in Kenyan insurance market
Challenging economic factors in 2020 made it a difficult year for Kenyan insurers and reinsurers, according to a new report…
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Mass troop deployment in South Africa only a stopgap
A new intelligence and analysis practice, Dragonfly, has warned South Africa faces further violence in the medium term and that…
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Europe sees 71% rise in civil unrest protests over past decade, finds Chaucer
Europe recorded a 71% rise in large protests during the past ten years, spurred by the global financial crisis, with…
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Buyers push back on marine rate increases in 2021
Marine rates have continued to harden in the first half of 2021, although hull and machinery underwriters seeking rises of…
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South African businesses face billions in damage costs from rioting
Claims for damage and theft from businesses affected by civil unrest in South Africa are likely to be between ZAR7bn…
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South African ports hit hard by riots
South Africa’s key ports of Durban and Richard Bays Terminal have a combined $19bn loss exposure from the current violence…
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Aon appoints Tracie Thompson as EMEA chief broking officer
Aon has named Tracie Thompson as chief broking officer for the EMEA region, excluding the UK. The in-house appointment is…
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Aon confirms Dávila as new EMEA CEO
Aon has confirmed the promotion of Eduardo Dávila to CEO of commercial risk, health and affinity in EMEA, excluding the…
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New broker opens its doors in Mauritius
Rokstone, an international speciality (re)insurance MGA and part of the Aventum Group, has has secured an insurance agent licence from the…
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Warning for risk managers as South Africa violence spirals
Risk managers have been urged to instigate risk strategies on safety by the Institute of Risk Management South Africa’s (IRMA)…
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An Africa-first approach to reinsurance
Climate change, digitalisation and infrastructure are among the trends that will define the African risk environment during the coming decade,…
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New infection wave raises pandemic risks for African sovereigns
A new wave of Covid-19 infections in a number of African countries, exacerbated by the Delta variant, has increased the…
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Dutch risk managers focus on container claims as Ever Given finally released
Dutch risk managers focused on the fast-rising risk of containerships in light of the Ever Given catastrophe, during a recent…
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Aviation sector faces host of new risks as it begins to reopen, warns AGCS
The aviation sector is facing “unique” challenges as it reopens to more normal passenger numbers following disruptions caused by Covid-19,…