Africa
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February 7, 2024
New business development regional directors at MAXIS Global Benefits Network
MAXIS Global Benefits Network (MAXIS GBN), has appointed two new regional directors in its business development team, covering EMEA and…
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January 22, 2024
P&I club West covers launches piracy cover for high-risk waters
Protection and indemnity club West of England has launched a new piracy product for shipowners to manage the threat of…
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January 18, 2024
Emerging manufacturing hubs record spike in political risk threat to supply chains
Multinationals diversifying their supply chains to build greater resilience face growing political risk and civil unrest threat in the majority…
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January 18, 2024
More insurers rule out East African Crude Oil Pipeline
SiriusPoint, Riverstone International, Enstar Group, Blenheim and SA Meacock have all told campaigners that they will not insure the East…
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January 18, 2024
Underwriters insert UK, US and Israeli shipping exclusions for Red Sea transits
Underwriters are imposing exclusions on ships with links to the UK, UK or Israel continuing transit in the Red Sea,…
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January 9, 2024
Nat cat insured losses hit $95bn last year: Munich Re
Global insured losses from natural disasters reached $95bn last year, below the $105bn five-year average but above the $90bn average…
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December 14, 2023
Climate-related travel risk on the rise: International SOS
The number of travel alerts for employees working overseas triggered by climate-related threats is on the rise, according to security…
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December 11, 2023
Africa Specialty Risks launches Lloyd’s syndicate
Africa Specialty Risks and Apollo Syndicate Management are set to launch a new syndicate at Lloyd’s in 2024 focused on…
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December 5, 2023
Aon partners to boost Africa’s crop insurance capacity
Aon said a partnership with the African Development Bank (AfDB) and AI startup Amini will increase crop insurance capacity across…
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November 30, 2023
Political risk will rise next year for countries in debt crises, warns WTW
Countries carrying high levels of debt are at increased risk of social unrest amid economic fallout next year, with Jordan,…
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November 27, 2023
UK court rules human rights grounds for Niger Delta claims against Shell
Nigerian communities affected by polluted waters and land can proceed with human rights claims against oil and gas firm Shell…
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November 16, 2023
World’s major cities lack resilience to future risks, finds Tokio Marine study
Cities across the world lack the infrastructure and environmental policies to withstand the worsening impacts of climate change and other…
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November 15, 2023
RSA expands global network team
RSA Insurance has made two hires in its global network team, with the appointments of Melissa Rayner and Christian Garcia…
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October 24, 2023
South Africa facing ‘momentous shift in risk landscape’
Corporate and commercial entities in South Africa have been negatively impacted by emerging risks in the past three years, according to…
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October 23, 2023
Demand for political risk cover set to grow as elections mount in 2024: Chaucer
A year of high-stakes elections lies ahead in 2024 and is increasing the appetite for political risk insurance, according to…
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October 19, 2023
Lloyd’s insurers targeted in latest climate protests
Environmental protestors took their campaign to the offices of several Lloyd’s and London market insurers yesterday, calling on them to…
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October 11, 2023
Lloyd’s models five-year extreme weather losses at $5trn
Lloyd’s said global economic losses from extreme weather events would total $5trn over a period of five years after it…
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September 18, 2023
Morocco earthquake fund covered by parametric solution
A parametric insurance arrangement covering part of Morocco’s National Catastrophic Event Coverage Scheme is expected to be triggered by the…
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September 5, 2023
Sanlam and Allianz create joint venture to serve 27 African markets
Sanlam, Africa’s largest non-banking financial services provider, and Allianz have received regulatory approvals for a joint venture that will provide…
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August 11, 2023
Global insurance M&A drops ‘sharply’ in H1: Clyde & Co
Mergers and acquisitions (M&A) in the global insurance industry dropped “sharply” by 17% in the first half this year to…