Southern Africa
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Swiss Re Corporate Solutions appoints CEO for South Africa
Terashni Pillay has been appointed as chief executive officer South Africa, Swiss Re Corporate Solutions, effective 1 November. She will…
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Sasria registers 95% of riot claims
Following the unrest across South Africa in July, Sasria said it is dealing with all the claims registered – some…
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Afghan crisis raises concerns in South Africa
The Taliban’s rapid takeover of Afghanistan has raised global risk antennae on several fronts and South Africa would do well…
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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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Easier D&O renewals forecast if risk presented properly
Risk managers will hopefully have a less taxing experience during coming D&O renewals as capacity is returning to what was…
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Mass troop deployment in South Africa only a stopgap
A new intelligence and analysis practice, Dragonfly, has warned South Africa faces further violence in the medium term and that…
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South African businesses face billions in damage costs from rioting
Claims for damage and theft from businesses affected by civil unrest in South Africa are likely to be between ZAR7bn…
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South African ports hit hard by riots
South Africa’s key ports of Durban and Richard Bays Terminal have a combined $19bn loss exposure from the current violence…
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Warning for risk managers as South Africa violence spirals
Risk managers have been urged to instigate risk strategies on safety by the Institute of Risk Management South Africa’s (IRMA)…
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IRMSA risk report highlights growing importance of risk management
The 2021 risk report from The Institute of Risk Management South Africa (IRMSA), highlights the extraordinary times we are living…
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Aon battles with DOJ over merger trial date as competition concerns mount
The $30bn merger of mega brokers Aon and Willis Towers Watson (WTW) looks certain to be delayed, and potentially scuppered,…
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Urgent economic reform needed in South Africa post-pandemic
The pandemic has increased the urge for economic reform in South Africa, report economists from trade credit insurer Atradius. Its…
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Chubb makes leadership appointments in Europe, Middle East and Africa
Chubb has promoted Sara Mitchell to division president of continental Europe, Middle East and north Africa, where she will be…
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Pat Semenya named new CEO of IRMSA
The Institute of Risk Management South Africa (IRMSA) has appointed Pat Semenya as its new CEO, effective from 1 July…
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Risk body urges companies to reassess operating protocols as South Africa increases lockdown once more
The South African government has had little choice but to implement new level three pandemic lockdown regulations, as all risk…
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Dual launches global forestry offering
Dual, one of the world’s biggest managing general agents (MGA) and the underwriting arm of Howden, has launched a global…
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TMHCC ‘reaffirms’ commitment to contingency market with senior hires and ‘refreshed’ capacity
Tokio Marine HCC (TMHCC) has appointed Neil Paddon as the new head of its London and European contingency operations, and…
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Growing concern over operational risk in South Africa
Increased uncertainty and the alarming potential for systems failure during the pandemic are leading to a renewed focus on operational…
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Businesses must maintain their agility, risk managers warned
Change is always a constant that businesses must contend with, and the pandemic that decreased South Africa’s GDP by 7%…
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Swiss Re warns of ‘urgent’ threat to biodiversity
Swiss Re has said one fifth of countries are at risk of their ecosystems collapsing and called for “urgent action”…