Africa
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Credendo downgrades eight countries as political instability bites
Belgian state export credit insurance agency Credendo has downgraded eight countries: Bangladesh, Bhutan, Burkina Faso, Djibouti, El Salvador, Haiti, Mongolia…
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Seven non-US cat events topped $1bn in insured losses last year, says CRESTA
Last year saw seven cat events outside of the US generate losses to the insurance industry in excess of $1bn,…
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WTW names Lloyd’s Haddrill as broking head in CEEMEA
WTW will appoint Tom Haddrill as regional head of broking for central and eastern Europe, Middle East and Africa (CEEMEA)…
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Two-tier market in play despite more stability for many buyers: Aon
The global commercial insurance market stabilised in most regions during Q3, with average rate increases between 1% and 10%, according…
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African Risk Capacity launches parametric cover for epidemic risks
African Risk Capacity (ARC), the mutual created by the African Union (AU) to help member states better prepare for and…
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Geopolitical risks and cost of living threaten productivity in 2023: International SOS
Organisations have been put into ‘perma-crisis’ mode with global risks from geopolitics to the cost of living threatening productivity going…
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Risk map reveals rising threats to business travel in 2023
Ukraine has entered the top five most dangerous countries to visit, after the outbreak of war increased its security risk…
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WTW launches geopolitical research programme
WTW has launched a new research programme that will focus on the biggest drivers of geopolitical risk and what global…
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Arch and AEGIS rule out cover for East African pipeline
Arch Insurance and AEGIS London have ruled themselves out of insuring the East Africa Crude Oil Pipeline (EACOP) as Lloyd’s…
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Corporates face ESG risks as Verisk index finds democracy ‘under fire’
One third of countries across the world have seen risks to their democratic processes increase significantly during the past five…
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Marsh to take majority stake in Moroccan insurance broker
Marsh is to acquire a majority share in Beassur Marsh, a leading Moroccan insurance broker. Marsh acquired an initial stake…
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Leading African insurer Britam latest to pull cover from EACOP pipeline
Britam Holdings, a leading east African insurance group and client of the World Bank’s International Finance Corporation (IFC), is the…
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Africa Specialty Risks partners with Africa Re on political risk and trade credit
Africa Specialty Risks (ASR)has partnered with African Reinsurance Corporation (Africa Re) to provide political risk and trade credit insurance in…
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Africa Specialty Risks partners with Moroccan reinsurer SCR
(Re)insurance group Africa Specialty Risks (ASR) is combining capacities with Société Centrale de Réassurance (SCR), the leading reinsurer in Morocco,…
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Marsh names new CEO for continental Europe
Marsh has promoted its Middle East and Africa region head, Christos Adamantiadis, to CEO for continental Europe. He will take…
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Protestors say Lloyd’s ‘continues to profiteer’ from ‘climate-destroying’ projects
Climate activists protested outside Shell’s headquarters in London yesterday and made fresh calls for insurers, and Lloyd’s of London players…
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Zurich predicts stable EMEA P&C market next year
Zurich saw its P&C premiums rise by 8%, or 13% on a like-for-like basis, in the first nine months of…
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Economic concerns move ahead of environmental and cyber risk in WEF survey
Business leaders in G20 countries are now most concerned by economic threats, according to the World Economic Forum’s (WEF) latest…
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China hinders growth in sustainability reporting at world’s largest firms
Sustainability reporting is inching towards 100% at the world’s largest 250 companies (G250) but the figure remains unchanged since 2020…
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Financial risks top agenda for African insurers
Financial risks, including currency depreciation and inflation, are topping the list of challenges facing the 54 African economies in the…