Africa
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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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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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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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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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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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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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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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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…
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Chubb moves Kelaher to head up Europe, Middle East and North Africa
Chubb has appointed Peter Kelaher as division president of continental Europe, Middle East and North Africa to replace Sara Mitchell,…
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Severe weather halts ships around Cape of Good Hope to exacerbate supply chain problems
Extremely bad weather near the Cape of Good Hope has brought containership traffic to a standstill this week, according to…
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Belgium to ban cheap fuel exports to West Africa
The Belgian government has adopted new quality-control measures that will suspend the sales of low-cost and low-quality fuel shipments to…
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Rising global temperatures increase health risk for workers
Companies must do more to prevent injuries to staff and a decrease in productivity due to extreme heat episodes, according…
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Wave of credit downgrades hit Africa last year
African countries saw a wave of credit downgrades last year, bucking global trend of net upgrades, according to specialty (re)insurance…
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New African flood intelligence solution from GRiP
South African spatial technology and data specialist GRiP has expanded into flood intelligence with a new collaboration with UK-based flood…
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Risk management community mourns Gilbert Canameras
The French, European and international risk management community is mourning the passing of Gilbert Canameras, former president of Amrae, founder…
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Calls for creation of independent regulatory authority in Algeria
Algeria’s proposed revision of the insurance law should provide for the creation of an independent regulatory authority to oversee the…
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EU naval forces confirm Somali piracy attack in Gulf of Aden
A group of suspected Somali pirates has been detained after firing on an oil tanker in the Gulf of Aden,…
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Global data breaches double in 2023 driven by extortion and third-party software attacks
The number of data breaches doubled in 2023, according to technology firm Verizon Business, reaching a record-high of 10,626 across…
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Many of the biggest-emitting countries most exposed to climate risk: Verisk Maplecroft
Thirteen of the world’s largest carbon emitters are at risk from the severest impacts of climate change if no action…
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WTW increases global cyber facility capacity and widens coverage
WTW has increased the capacity of its global cyber facility by 50% and broadened coverage following feedback from clients. Capacity…