Africa
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January 13, 2025
Africa Specialty Risks launches first Africa focused Lloyd’s consortium
The first Africa focused Lloyd’s consortium has been launched by reinsurance group Africa Specialty Risks (ASR). The consortium, known as…
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December 23, 2024
Political instability top risk for corporates in 2025
Political instability has overtaken extreme weather to become the top risk for businesses in a poll of 500 risk and…
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December 20, 2024
Cyclone Chido losses up to €800m, says French nat cat scheme
Tropical Cyclone Chido, which hit the French overseas department Mayotte this week, is set to cost between €650m and €800m…
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December 18, 2024
Risk map highlights escalating geopolitical tensions
Heightened geopolitical tensions have led to an increase in security risk ratings, according to International SOS. The security and health…
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December 12, 2024
TMF Group on expected IPT and parafiscal changes in 2025
During its recent webinar IPT Compliance Challenges, TMF Group’s Christophe Bourdaire, looked at some of the challenges and hurdles faced…
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December 11, 2024
Lloyd’s warns of huge cost of next pandemic
Lloyd’s has published its latest systemic risk scenario, which finds the global economy could be exposed to potential losses of…
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December 5, 2024
Economic risks still dominate WEF survey
Economic risks continue to dominate the concerns of G20 business leaders polled for the World Economic Forum’s (WEF’s) latest Executive…
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November 29, 2024
Many global firms lack plans to manage extreme weather, finds International SOS
A survey by International SOS Foundation has found that just a third of firms (36%) have comprehensive plans and policies…
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November 26, 2024
McGill launches AI-powered trade disruption facility
London-based specialty broker McGill and Partners has launched a new AI-powered trade disruption insurance facility, backed by Tokio Marine Kiln…
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November 22, 2024
Conflict zones up 65% since 2021 but business exposure limited
Parts of the world affected by armed conflict has grown by 65% in just three years, with the Middle East…
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November 20, 2024
New director and African practice leader at BMS Group
Ryan Phillips has been appointed as director & African practice leader at BMS Group. As African practice leader, he will…
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October 24, 2024
Global market softens for first time in seven years: Marsh
Average global commercial insurance prices have fallen for the first time in seven years, down 1% in Q3 driven by…
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October 10, 2024
Brokerslink adds two affiliates to network
Global broking network Brokerslink has added Sweden-based risk management specialist Polygon as an affiliate. One of the leading property damage…
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October 2, 2024
LSM appoints new CUO for UK and MENA
Liberty Specialty Markets (LSM) has appointed Henry Nelson as chief underwriting officer (CUO) for the UK and MENA region. The…
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September 20, 2024
Insurers back non-profit to cover communities at risk of climate disasters
A climate resilience non-profit led by a group of insurers has been launched to part-fund premiums for communities around the…
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August 23, 2024
South African general insurance industry to see continued strong growth
Increasing demand for policies covering nat cat events, and growing incidents of cybercrimes, together with rising vehicle sales, are behind…
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August 14, 2024
Liberty Mutual Re backs Kenyan parametric
Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, has announced a partnership with insurtech firm Sprout and…
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August 6, 2024
Glencore hit with $150m fine over Congo bribery
Swiss authorities have ordered commodities firm Glencore to pay $152m to resolve a long-running bribery case concerning its mining activities…
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August 1, 2024
Metzger leaves BHSI for Chubb
Chubb has announced the appointment of Leander Metzger as regional executive officer, eastern region, for Continental Europe, Middle East & North Africa.…
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July 17, 2024
IMB warns against complacency amid decline in piracy incidents
Shipowners and maritime companies have been urged to maintain their vigilance against piracy despite a slight decrease in the number…