Africa
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M&A appetite returning despite concern over regulatory risks
Appetite for M&A looks set to rebound this year despite fears over stricter regulations, with more firms likely to turn…
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Businesses in Africa face spike in civil unrest, warns Verisk
Businesses with operations in Africa are facing disruption from the highest levels of civil unrest for six years, with the…
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Market improving for buyers but nat cat property tough: Aon
Average insurance price increases stood between 1% and 10% across all global regions in Q1 2023 as upward rating pressure…
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Commercial rate increases of 6% help drive Zurich’s Q1 P&C growth
Zurich’s P&C insurance revenue increased 7% in the first quarter, driven by “strong” growth in commercial business and further price…
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Swiss Re Corporates Solutions names Hall head of wholesale in UK and EMEA
Swiss Re Corporate Solutions has announced that Adrian Hall will succeed Melanie Slack as head of UK, Ireland, South Africa…
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Piracy attacks at lowest level in ten years
Global piracy attacks reached a ten-year low in the first quarter of this year, according to figures from the ICC…
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Risk managers face capacity crunch in political violence and SRCC markets
Grievances tied to inequality, the cost-of-living crisis and broader disenfranchisement, combined with the lasting economic effects of Covid-19 and Russia’s…
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Lloyd’s syndicate Cincinnati rules out EACOP as pressure mounts on AIG’s Talbot
Lloyd’s insurer Cincinnati Global, part of the US Cincinnati Financial Corporation, has said it will not underwrite the controversial East…
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Steep rise in crisis incidents across Europe last year
Europe accounted for nearly a third (30%) of crisis incidents across the globe in 2022, according to WTW’s 2023 Crisis…
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Credit and political risk transfer capacity at all-time high: WTW
Capacity for credit and political risk insurance (CPRI) is at a record high after spiking over the last year, according…
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Aon appoints new CEO for South Africa
Dr Nolwandle Mgoqi has been appointed by Aon as CEO for South Africa. Former Aon South Africa CEO Terence Williams…
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Transactional risk coverage prices and volume fall sharply
The amount of insurance limits placed to cover merger and acquisition liabilities and cost of the coverage fell significantly last…
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AGCS warns ‘heightened’ political violence and civil unrest to deteriorate further
Companies face “heightened” and growing risk of political violence and civil protests driving losses through damage to buildings or business…
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Global insurance sector mergers and acquisitions up 7.4% in 2022
There were 449 mergers and acquisitions completed in the global insurance sector last year, up 7.4% from 2021, according to…
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Africa Specialty Risks gains coverholder status at Lloyd’s
Africa Specialty Risks (ASR) has been approved as a coverholder at Lloyd’s. ASR said it will now be able to…
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Marsh comes under further pressure to cut EACOP ties
Campaign group Insure our Future has written to Marsh’s CEO calling on his firm to stop brokering the East African…
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Brokers from Algeria, Ethiopia, Libya and Réunion join Brokerslink network
Brokerslink has added four new African affiliates to its global network, from Algeria, Ethiopia, Libya and Réunion. The new affiliates…
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Marsh reported to US government over role in controversial East Africa pipeline
Human rights and environmental groups have filed a complaint to the US government alleging that Marsh has violated OECD guidelines…
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Aon names Penalva head of enterprise clients in EMEA
Aon has appointed Pedro Penalva as head of enterprise clients for the EMEA region. Penalva joined Aon in 2010 and…
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New CFO for Africa Specialty Risks as co-founder steps down
Africa Specialty Risks (ASR) has appointed Ciaran O’Donnell as chief financial officer. Bryan Howett, co-founder and CFO of ASR, has…