East Africa
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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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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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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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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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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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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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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…
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Munich Re confirms no cover for huge east African oil project
Munich Re today publicly confirmed that it has rejected the East African Crude Oil Pipeline (EACOP), as pressure from the…
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Insurance premium tax changes for 2022 – Impendulo
Insurance premium tax (IPT) compliance firm Impendulo has highlighted some tax changes potentially affecting global insurance programmes for 2022, in…
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British nationals urged to leave Ethiopia
The UK’s Foreign, Commonwealth & Development Office (FCDO) is urging British nationals to leave Ethiopia now while commercial flights continue…
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ASR builds business in Mauritius
Africa Specialty Risks (ASR) has appointed Krishna Bheenick as its managing director in Mauritius. The pan-Africa-focused reinsurance group is also…
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Africa Specialty Risks launches Bermuda reinsurer
Africa Specialty Risks (ASR), the pan-African reinsurance group, has launched a licensed reinsurance entity in Bermuda. The fast-growing group will…
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New executive risk director for First City Monument Bank
Oluwatoyin Olaiya has been appointed as executive director, risk and compliance of First City Monument Bank Limited (FCMB), the banking…
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Confidence remains despite current struggle in Kenyan insurance market
Challenging economic factors in 2020 made it a difficult year for Kenyan insurers and reinsurers, according to a new report…
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Kenyan businesses unaware of privacy rules
According to a recent survey, only 36% of Kenyan businesses are aware of privacy laws governing their marketing activities, despite…
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Nigerian government suspends Twitter use
Nigeria has “indefinitely suspended” Twitter’s operations in the country, after the company deleted a tweet from President Muhammadu Buhari. “The…
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Policyholders set to benefit from Kenyan disruptor?
The Cytonn Insurance Agency (CIA) has been launched by Cytonn Investments with the aim of disrupting the Kenyan insurance industry…
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Good news for Kenyan reinsurer but risk management weak
AM Best has affirmed the financial strength rating (FSR) of B (fair) and the long-term issuer credit rating (long-term ICR)…
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Policyholders to get money back from failed Kenyan insurers
Policyholders with the failed insurer Concord Insurance are to start receiving a maximum KSH250,000 payout from the country’s Policyholders Compensation…
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Minet Kenya scoops best business insurance broker award
Insurance broker, Minet Kenya has been named as the overall best insurance broker of the year for 2020, at the…