Southern Africa
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New partner for South African risk consultancy as ownership changes
CGF Research Institute has announced that Palmer Business Concepts (PBC) has bought 40% of the shares of the company and…
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Angola gets negative outlook thanks to poor economic picture
Blaming a fast deteriorating economic picture, Fitch Ratings has affirmed Angola's long-term foreign and local currency issuer default ratings (IDR)…
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Gauteng insurance councillor of the year named
The Insurance Institute of Gauteng (IIG) has announced that Olivia Smith has been named Councillor of the Year at their…
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Investors close to easier arbitration as South Africa falls into line with more than 70 other countries
The South African government is expected to enact the International Arbitration Bill in the coming weeks, after agreeing a Bill…
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South Africa’s Twin Peaks regulation under scrutiny
Commercial Risk Africa attended a consumer-focused discussion on the impact of South Africa’s ‘Twin Peaks’ model of financial regulation…
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Time for women in risk to stand up and be counted
International Women’s Day 2017 was celebrated last week, and women in risk management were no exception. The UK’s Institute of…
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Successful risk management keeps southern African insurance stakeholders in profit
It is not easy to measure the size of insurance markets in southern Africa. Even in South Africa, which…
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South African insurer grows premium but loses out on investment income thanks to forex strains
South Africa’s largest short-term insurer, Santam (JSE: SNT), announced full-year results on 2 March, for the 12 months ended 31…
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Allianz appoints travel and assistance manager
Allianz Global Assistance has appointed Sharon Molotlegi as travel and assistance manager. Based in Johannesburg, Ms Molotlegi brings significant experience…
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Marine insurance faces skills shortage challenge
The biggest challenge facing the marine insurance industry today is the lack of skills, according to one South African underwriter.…
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South Africa’s Jonathan Dixon to head global regulatory body
The International Association of Insurance Supervisors (IAIS) has appointed Jonathan Dixon as successor to long-time secretary general Yoshihiro Kawai. Mr…
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Risk managers must understand true extent of cyber threat
Too many African risk managers and their companies fail to understand the true threat of a cyber attack, warns security…
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Zambia remains on negative outlook, says S&P
Following the trend of recent rating activity across Africa, S&P Global Ratings has affirmed its B/B long- and short-term foreign…
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South African insurers can expect clouds and silver linings, says S&P
Insurance growth in South Africa is likely to be muted in the next year, according to a new report from…
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Political risk still a threat in South Africa, warns Fitch
Political and social pressures are likely to test the South African government’s commitment to fiscal consolidation, warned Fitch after the…
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Private equity poised for African growth
Despite numerous economic, political and regulatory risks faced by investors, private equity in South Africa continues to deliver long-term sustainable…
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RSA expands global network coverage in Africa
International insurer RSA has extended an existing partnership with the Africa-based insurance network, Globus, to service multinational customers in five…
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Bryte Insurance emerges out of Zurich SA and Botswana
Zurich South Africa and Zurich Botswana have been rebranded as Bryte Insurance, following their acquisition by Canadian Fairfax Financial Holdings…
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Fitch affirms Zambia at ‘B’
Fitch Ratings has affirmed Zambia's long-term foreign and local currency issuer default ratings (IDRs) at 'B' with negative outlook. This…
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Insurers must adapt if they are to meet insureds’ demands for the future
Insurers across Africa need to be preparing now for massive changes ahead, warns one South African insurance boss. Stuart…