Africa
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Best sees potential for profitable growth for sub-Saharan reinsurers
Sub-Saharan Africa’s reinsurance market has expanded during the past decade as a result of steady real GDP growth and international…
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Denmark commits funds to climate-related loss and damage compensation
Denmark has become the first United Nations member state to pay loss and damage compensation to developing countries for the…
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Aon appoints Karlsen COO for EMEA
Aon has appointed its interim CEO for Denmark Allan Karlsen as chief operating officer of EMEA. Karlsen took up the…
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Heat stress to be extreme risk for 71% of global food production by 2045
About three quarters of today’s global food production will face extreme risks from heat stress by 2045, according to a…
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Moderate EMEA P&C price rises in Q2 but German buyers suffer challenging conditions: Aon
Moderate price increases continued for most P&C insurance buyers in Europe, the Middle East and Africa (EMEA) during the second…
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Germany’s Talanx reportedly latest European carrier to exclude east African pipeline
German insurance group Talanx, parent of HDI Global and Hannover Re, is the latest leading German and European carrier to…
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Global insurance M&A up 9.5% in H1 but dips in Europe
The number of global insurance mergers and acquisitions (M&A) rose 9.5% in the first half of this year compared to…
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Aon reports strong revenue growth on back of ‘modestly positive’ market
Aon has reported further strong second-quarter revenue growth on the back of the ongoing firm global insurance market and a…
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Risk managers must up their game to tackle cascading climate change risk ‘blindspots’, warns Verisk
Most companies and governments are “woefully unprepared” for the knock-on effects of climate change and are creating “risk blindspots”, warns…
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Brokerslink expands global network in Africa with four new affiliates
Brokerslink has added four new independent broking affiliates in Africa – from Burkina Faso, Gabon, Sierra Leone and Niger –…
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Gallagher Re and Africa Re partner on Africa resilience initiative
Gallagher Re is partnering with Africa Re on an initiative to strengthen the financial resilience of African countries against a…
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Africa disproportionately affected by climate change, say insurers
African insurers, reinsurers and brokers will play an important role in assessing and managing the impact of global warming on…
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Q1 sees ‘massive’ ransomware explosion as cases exceed 2021 total, finds WatchGuard
Ransomware detected by internet security firm WatchGuard in the first quarter was more than double the number for the whole…
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Exposure and effective government drives commitment to tackling climate change in emerging nations
Emerging countries that are most exposed to global warming and those with the most effective governments are showing the strongest…
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UK regulator fines Ghana International Bank £5.8m for poor AML controls
The UK’s Financial Conduct Authority (FCA) has fined Ghana International Bank (GIB) £5.8m for failing financial crime controls. The FCA…
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MNK Re appoints chief executive of new Kenyan subsidiary
Lloyd’s broker MNK Re Group has appointed Steven Oluoch as chief executive of its new Kenya and east Africa office.…
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Allianz and Swiss Re back new parametric risk transfer scheme for Ghana floods
A new public-private partnership has been formed to develop flood insurance in Ghana based on parametric risk transfer, led by…
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Netherlands calls for action on stranded Yemeni supertanker
The Dutch government has called for more urgent action to deal with the environmental threats posed by a decaying supertanker…
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Businesses face widespread security risk in world’s biggest cities, Verisk index shows
Some 22% of the world’s largest cities are running high or extreme security threats to businesses, according to risk intelligence…
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Swedish thinktank warns of ‘critical’ risks from confluence of climate change and war
The world is in danger of stumbling into a risk management crisis because of the worrying increase in both armed…
