North Africa
-
Reinsurers braced for bulk of Suez Canal accident losses, reports Reuters
The bulk of losses caused by the Ever Given containership that blocked the Suez Canal for nearly a week is…
-
Suez Canal blockage presents major lessons for Italian risk community
The beaching of the Ever Given, the cargo ship that ran aground in the Suez Canal, blocking the critical passageway…
-
Morocco introduces travel ban on Algeria and Egypt to curb spread of Covid-19
Morocco has suspended all flights to and from Algeria and Egypt, as part of its efforts to curb the spread…
-
Egyptian insurance market regulatory oversight improving says Fitch
Regulatory oversight in the Egyptian insurance market is developing with both limited transparency and effectiveness of enforcement, but the market…
-
Middle East and north Africa face ‘double whammy’ from Covid and oil price slump
The coronavirus pandemic and related oil price slump constitute a “double whammy” for economies in the Middle East and north…
-
Solid growth to continue for Maghreb insurance markets despite challenges, says Best
The insurance markets of the Maghreb region – Morocco, Algeria and Tunisia – have seen solid growth in the last…
-
Brokerslink adds to African network with Tunisian broker
Brokerslink has expanded its footprint in Africa, with Tunisian brokerage Karé Kamoun becoming the latest affiliate to join the global…
-
Africa sees first coronavirus case
The first case of coronavirus (Covid-19) has been found in Egypt, as a Chinese man returned to the north African…
-
Optio expands political violence and terror offering through Newbridge acquisition
Optio, the London-based MGA formed though the merger of Ascent Underwriting, Cove Programs and broker Bay Risk Services in September…
-
Tunisian insurer joins MAXIS Global Benefits Network
MAXIS Global Benefits Network (MAXIS GBN) has added a Tunisian insurer to the network. COMAR Tunisia has become the latest…
-
MENA insurance market to see ‘flood of M&As’ in 2020
The MENA insurance market is expected to see a flood of mergers and acquisitions (M&As) in 2020, according to wholesale…
-
Africa flies in face of globalisation with more protectionist measures
The rise of protectionism topped the agenda at the recent Federation of Afro-Asian Insurers & Reinsurers (FAIR) conference in Morocco.…
-
Political risks still threaten trade in north Africa
Political unrest and the risks around forthcoming elections top the risk list in a new report on north Africa by…
-
European flights to Cairo suspended as terror risks escalate
British Airways (BA) and Lufthansa suspended flights to Cairo, after warnings of escalated terror threats to the Egyptian capital, particularly…
-
Moroccan companies still behind on payments
Companies in Morocco are still late on payments, creating added risks for business in the north African country. According to…
-
Global manufacturing supply chains failing to make progress on child labour risk, finds Verisk Maplecroft
Global manufacturing supply chains that operate through the world’s major hubs are making little or no progress in stamping out…
-
Egyptian insurance industry to develop sustainable insurance roadmap with UN Environment Programme
The Egyptian insurance industry has agreed a pioneering initiative to develop a national sustainable insurance strategy and action plan –…
-
London Market Group identifies trade priorities post-Brexit
The London Market Group (LMG) has called on the UK Government to be “proactive in opening up international insurance markets…
-
North African countries need to work together
Technological and geopolitical forces are reshaping regional landscapes, according to the World Economic Forum (WEF), which has urged north African…
-
Neon to lead London political risks insurance consortium
A new political risks insurance consortium has been established in London, with Lloyd’s insurer Neon as the lead and MS…