Africa
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UK court rules human rights grounds for Niger Delta claims against Shell
Nigerian communities affected by polluted waters and land can proceed with human rights claims against oil and gas firm Shell…
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World’s major cities lack resilience to future risks, finds Tokio Marine study
Cities across the world lack the infrastructure and environmental policies to withstand the worsening impacts of climate change and other…
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RSA expands global network team
RSA Insurance has made two hires in its global network team, with the appointments of Melissa Rayner and Christian Garcia…
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South Africa facing ‘momentous shift in risk landscape’
Corporate and commercial entities in South Africa have been negatively impacted by emerging risks in the past three years, according to…
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Demand for political risk cover set to grow as elections mount in 2024: Chaucer
A year of high-stakes elections lies ahead in 2024 and is increasing the appetite for political risk insurance, according to…
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Lloyd’s insurers targeted in latest climate protests
Environmental protestors took their campaign to the offices of several Lloyd’s and London market insurers yesterday, calling on them to…
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Lloyd’s models five-year extreme weather losses at $5trn
Lloyd’s said global economic losses from extreme weather events would total $5trn over a period of five years after it…
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Morocco earthquake fund covered by parametric solution
A parametric insurance arrangement covering part of Morocco’s National Catastrophic Event Coverage Scheme is expected to be triggered by the…
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Sanlam and Allianz create joint venture to serve 27 African markets
Sanlam, Africa’s largest non-banking financial services provider, and Allianz have received regulatory approvals for a joint venture that will provide…
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Global insurance M&A drops ‘sharply’ in H1: Clyde & Co
Mergers and acquisitions (M&A) in the global insurance industry dropped “sharply” by 17% in the first half this year to…
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Xceedance creates new EMEA and APAC role as it targets expansion
Xceedance, which provides technology and digital solutions, claims services, data and analytics to the insurance industry, has promoted Amit Tiwari…
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Insurance premium tax rate changes from TMF Group
TMF Group has announced the latest rate changes to insurance premium tax (IPT) and other insurance levies around the world,…
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Big increase in transactional risk claims notifications in 2022
There has been a substantial 25% increase in global claim notifications on transactional risk policies in 2022 but the expected…
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Marsh’s revenue up 9%
Marsh’s revenue rose 9% in both the last quarter and for the first six months of this year as parent…
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Brokerslink appoints new Africa regional manager
Brokerslink has announced the appointment of François Masson as its new regional manager for Africa. Masson is general manager at…
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Sedgwick expands into Mauritian market
Sedgwick has launched operations in the Mauritian market supported by the firm’s team in South Africa, which has developed longstanding ties to…
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Chubb appoints new country president for South Africa
Zelda Mostert, currently chief financial officer South Africa, Chubb, has been promoted to the role of Chubb country president, South…
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Allianz extends global commercial board member term to 2028
Allianz has extended the term for board member Christopher Townsend – who is responsible for global insurance lines, global commercial…
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Indian regulator considers allowing MGAs into insurance market
The Insurance Regulatory and Development Authority of India (IRDAI) is considering the feasibility of allowing MGAs into the domestic insurance…
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Brokerslink expands network in Africa
Brokerslink has added three new African affiliates to its global network, growing its presence in Africa to 39 of the…