Southern Africa
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South African general insurance industry to see continued strong growth
Increasing demand for policies covering nat cat events, and growing incidents of cybercrimes, together with rising vehicle sales, are behind…
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New African flood intelligence solution from GRiP
South African spatial technology and data specialist GRiP has expanded into flood intelligence with a new collaboration with UK-based flood…
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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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Chubb appoints new country president for South Africa
Zelda Mostert, currently chief financial officer South Africa, Chubb, has been promoted to the role of Chubb country president, South…
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Risk managers face capacity crunch in political violence and SRCC markets
Grievances tied to inequality, the cost-of-living crisis and broader disenfranchisement, combined with the lasting economic effects of Covid-19 and Russia’s…
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Aon appoints new CEO for South Africa
Dr Nolwandle Mgoqi has been appointed by Aon as CEO for South Africa. Former Aon South Africa CEO Terence Williams…
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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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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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New chief executive of MNK Re’s South Africa branch
Specialist Lloyd’s broker MNK Re Group has appointed Vanida Pillay as the new chief executive of its South Africa branch.…
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Risk profession pays tribute to Gert Cruywagen
Commercial Risk is deeply saddened to hear of the passing of Gert Cruywagen, a great friend, true gentleman and tireless…
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South African climate body recognised as risk influencer
Recognising the increasing risk and danger that climate change is posing, the Institute of Risk Management South Africa (IRMSA) has…
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Global supply chain disruptions set to remain but South African exports likely to rise
Global supply-chain disruptions could remain high until H2 2022, amid renewed Covid-19 outbreaks around the world, China’s sustained zero-Covid policy,…
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A world of trouble for political violence insurers
The political violence insurance market, which covers businesses against damage caused by strikes, riots and civil commotion, is bracing itself…
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Guy Carpenter and Marsh to merge fac operations in South Africa
Guy Carpenter and Marsh, both subsidiaries of Marsh McLennan (MMC), are to combine their South Africa facultative reinsurance operations into…
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Ardonagh Group completes BGC Partners deal
Ardonagh Group has completed its $500m deal for the insurance operations of BGC Partners, which increases group revenues to $1.4bn…
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IRMSA warns of impending election risk in South Africa
The upcoming 1 November local government elections, another milestone in South Africa’s recent democratic history, are an event to be…
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Credit Suisse settles Mozambique bond probe for $475m
Swiss banking group Credit Suisse is to pay $475m to settle charges brought by both UK and US authorities over…
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Santam must cover 18 months of Covid-19 BI claims
South Africa’s Supreme Court of Appeal has ruled that the country’s biggest short-term insurer Santam is liable to cover the…
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Political risks rise up the risk list after South African riots
Political risks and violence are now ranked as a number five business risk in South Africa, as a new entrant…
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Sasria asks South African government for aid
Sasria, South Africa’s main insurer for strikes, riots, terrorism and civil commotion, has asked the government for a financial bailout…
