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JBA & RSIS partner on flood modelling for African insurers
22nd September 2021
JBA Flood Risk Management Limited has collaborated with Reinsurance Solutions Intermediary Services (RSIS), an African-based reinsurance broker that will use the JBA global flood modelling capability to provide flood risk analytics and catastrophe modelling services for its insurance clients across the continent. RSIS has offices in Mauritius, Ivory Coast, Kenya, South ... Read the full article
Neema launches K&R reinsurance product for Africa
9th September 2021
African specialist underwriting agency, Neema Insurance Managing Agency has launched a new Kidnap & Ransom (K&R) reinsurance product for its clients in Africa. Sharon Ng, Principal Officer of Neema, commented: “Kidnapping is on the rise and our product represents an excellent solution to the need of protection of our clients. “Following the ... Read the full article
RSIS partners with specialists to provide NatCat protection in South Africa
31st August 2021
Reinsurance Solutions Intermediary Services (RSIS), a specialist southern African reinsurance broker, has partnered with specialists in natural catastrophe risk modelling to offer its insurance clients reinsurance protection and risk management. The natural catastrophe perils covered by RSIS and its new partners include earthquake, flood, hail and cyclone, all modelled within the ... Read the full article
Munich Re Africa promotes Skei to COO
18th August 2021
Global reinsurer Munich Re has appointed Yolanda Skei as the new Chief Operating Officer (COO), Africa. Skei has been with Munich Re for the past 18 years, starting her Munich Re career as head of life claims. She then moved on to work as Internal Consultant, Life Claims back in 2013, where ... Read the full article
Chubb promotes Hilda Toh to P&C CUO for UK, Ireland & South Africa
6th August 2021
Global insurer Chubb has announced that Hilda Toh has succeeded Mark Roberts as Property and Casualty (P&C) Chief Underwriting Officer (CUO) for the United Kingdom, Ireland and South Africa (UKISA), effective immediately. In her new role, Toh will be based in London; taking over from Roberts who was recently appointed Division ... Read the full article
Africa Specialty Risks launches Bermuda reinsurer
6th August 2021
Africa Specialty Risks (ASR), the pan-African focused reinsurance group, has announced the launched of a licensed reinsurance entity in Bermuda. The group plans to offer a range of products from its Bermudan reinsurer, including Political Risk & Trade Credit, Political Violence & Terrorism, Property, Energy, Liability, Construction and Parametric solutions. Once rated, ... Read the full article
PCS looking at $1bn industry loss from South Africa riots
20th July 2021
Property Claim Services (PCS), a Verisk business, is currently looking at an insurance industry loss of between US $600 million and $1 billion from the South Africa riots, PCS Head Tom Johansmeyer has told us, although the ultimate cost is still dependent on a number of variables. This range is based ... Read the full article
Amir Hussain joins Africa Specialty Risks political violence team
19th July 2021
Pan-African focused reinsurance group Africa Specialty Risks (ASR) has announced the appointment of Amir Hussain as an Underwriter within its Political Risk and Trade Credit team. Hussain joins from Hamilton Insurance Group, where he also served as a Political and Credit Risk Underwriter. Prior to this, he held similar roles with AmTrust ... Read the full article
South African unrest could drive insured losses of $680m: reports
15th July 2021
State-owned insurer Sasria has estimated that days of civil unrest across South Africa could drive insured losses of between 7 billion rand and 10 billion rand ($481 million to $683 million). Sasria told Reuters that the losses would mostly stem from damage and theft from businesses, following widespread vandalism and looting, ... Read the full article
Rokstone secures coverholder licence in Africa
13th July 2021
International speciality re/insurance MGA Rokstone has secured an insurance agent licence from the Financial Services Commission in Mauritius (FSC) and is now fully authorised to underwrite business directly in Africa. Initially writing Political Violence & Terrorism and Property directly from Mauritius, the office expects to offer Financial Lines later in the ... Read the full article
South Africa asks for further divestments in Aon / WTW remedy package
29th June 2021
The Competition Commission of South Africa (CCSA) has required that brokers Aon and Willis Towers Watson (WTW) make a number of significant divestments to remedy competition concerns before their pending merger can be approved in the country. The regulator has asked that the brokers divest WTW’s entire global reinsurance broking business ... Read the full article
RSIS names Chiguye as Regional Head for Southern Africa
22nd June 2021
Reinsurance Solutions Intermediary Services (RSIS), the recently launched subsidiary of African reinsurance broking group Reinsurance Solutions Group, has announced the appointment of Blessing Chiguye as Regional Head for Southern Africa. Launched in August 2020, RSIS provides niche reinsurance and insurance solutions to clients operating in Southern Africa, with a focus ... Read the full article
Neema launches Political Violence & Terrorism product in Africa
14th June 2021
African specialist underwriting agency Neema Insurance Managing Agency (Neema) has launched a Political Violence & Terrorism reinsurance product aimed to help protect the African markets. Headquartered in Mauritius, Neema is regulated by the Financial Services Commission and has facilities from reputable reinsurers that enable it to underwrite on their behalf across ... Read the full article
Africa Specialty Risks launches parametric underwriting division
25th May 2021
Pan-African focused reinsurance group Africa Specialty Risks has announced the launch of its parametric division, alongside the appointment of Dr Raveem Ismail as Head of Parametric Underwriting and Ian Bishop as Parametric Product Manager. ASR Parametric has been established to combine underwriting, technology and analytical expertise to offer innovative risk solutions. Cover will ... Read the full article
Africa Specialty Risks launches reinsurer in Mauritius
21st May 2021
Africa Specialty Risks Group (ASR), which is backed by Helios Investment Partners, has announced the launch of a fully capitalised and licenced reinsurance entity in Mauritius, designed to meet the needs of the African continent. Helios announced the launch of ASR, in partnership with Mikir Shah, former CEO of AXA ... Read the full article
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