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Chubb appoints Janene Blizzard to A&H role for UK & Ireland, Eurasia & Africa
29th July 2019
Global insurer and reinsurer Chubb has announced the appointment of Janene Blizzard as Vice President Accident & Health (A&H) for the UK & Ireland and Eurasia & Africa region. Blizzard previously served as Head of A&H Corporate and Global Accounts UK and Ireland at Chubb. In her new role, she will have ... Read the full article
Sompo partners with Sanlam Kenya to expand presence in Africa
22nd July 2019
Sompo Holdings, the Japanese insurance and reinsurance company, has entered into a new partnership with financial services group Sanlam Kenya to expand its influence and investments in Africa. This is according to reports from Capital Business, who said that Sompo will specifically be targeting East Africa, where Kenya is attracting substantial ... Read the full article
African re/insurer Klapton adopts software from Eurobase
5th July 2019
Eurobase International Group, an international software and service provider to financial institutions, has announced that Klapton has selected its Synergy2 platform to support its operations. Klapton, a re/insurer registered in the Autonomous Island of Anjouan, Union of Comoros, said it identified Synergy2 as the best solution to support its operational efficiency ... Read the full article
Consortium of development agencies to promote disaster risk insurance in Africa
25th June 2019
A new consortium of international development agencies has formed with the aim of improving the knowledge of African governments, the private sector, and the international community regarding the disaster risk insurance market in Africa. The group consists of the United Nations African Institute for Economic Development and Planning (IDEP), the African ... Read the full article
Allianz Africa’s Delphine Traoré named President of the African Insurance Organisation
14th June 2019
Delphine Traoré, the Chief Operations Officer (COO) of Allianz Africa has been named President of the African Insurance Organisation, effective June 12th, 2019. Traoré has served as Vice President of the organisation since 2018, and succeeds Managing Director of Ghana Union Assurance, Aretha Duku. She first joined the Regional Executive Board of ... Read the full article
Brokerslink adds Tiago Mora as Regional Manager, Middle East & Africa
11th June 2019
Global broking business Brokerslink has appointed Tiago Mora to the role of Regional Manager for Middle East and Africa. Mora is MDS Re Director and has been with the group for 12 years. He has spent a number of those years developing the Group’s operations in Africa and running the Angolan ... Read the full article
African Risk Capacity to assist Mozambique with extreme weather risks
15th May 2019
The African Risk Capacity (ARC) Agency and the Government of Mozambique have signed a Memorandum of Understanding (MoU) to provide mid to long-term solutions against the risk of drought, flood, and tropical cyclone events in the country. The MoU defines the terms under which the ARC will provide support for Mozambique, ... Read the full article
West Africa reinsurer WAICA Re expands to Kenya
29th March 2019
West African reinsurer WAICA Re has launched new operations in Kenya in an effort to capitalise on the growing insurance market in East and Central Africa, according to reports from Standard Digital. WAICA Re Kenya is set to provide reinsurance for all general classes across the region. The unit has a capital ... Read the full article
Africa Re and IFC partner to develop Nigeria’s argicultural insurance sector
28th March 2019
Africa Re has signed an agreement with IFC, a member of the World Bank Group, to assist insurers in Nigeria with the development of innovative agricultural solutions for small holder farmers. Lunched by the Nigerian Commissioner for Insurance, Muhammed Kari on March 26th 2019, the agreement sees Africa Re work with ... Read the full article
Middle East & Africa insurers prove resilient to instabilities: A.M. Best
1st March 2019
Insurance and reinsurance companies in the Middle East and Africa generally remain well capitalised and resilient to recent economic and political instabilities, according to analysts at A.M. Best. A report by the rating agency noted that the majority of its rating actions (75%) in the Middle East and Africa during 2018 ... Read the full article
RFIB adds to African operations, opens new headquarters
4th February 2019
International re/insurance broker RFIB Group has announced two new additions to its African operations as well as the opening of new offices in Johannesburg. Fhumulani Munzhedzi joins as Head of Facultative for Africa and is reunited with Lee Ellis, Chief Executive Officer - RFIB Africa and Neesha Parbhoo, Director - RFIB ... Read the full article
Swiss Re Corporate Solutions appoints Head of South Africa
30th October 2018
Swiss Re Corporate Solutions, the commercial insurance arm of the Swiss Re Group, has appointed Michelle Oosthuizen as Head South Africa, effective 1 November 2018. She will now be responsible for overseeing all aspects of Swiss Re Corporate Solutions’ business in South Africa and Sub-Saharan Africa from the company’s office in ... Read the full article
African Development Bank to launch disaster risk financing programme
30th October 2018
The African Development Bank (AfDB) has announced the launch of its first climate risk management initiative, called the Africa Disaster Risks Financing (ADRiFi) Programme. The comprehensive programme, which will initially run from 2019 to 2023, includes the provision of disaster risk insurance cover for poor communities in regional member countries, and ... Read the full article
Brokerslink adds eight new African affiliates to global network
12th October 2018
Brokerslink has expanded its global network with addition of eight new independent brokers from Africa, extending its presence to 21 countries across the continent. The new affiliates include CCAR in Mauritania; Compendium in South Africa; Consass in Burkina Faso; Generalia Assurances in Cameroon; Générale de Courtage in Guinea Conakry; La Protectrice ... Read the full article
Africa’s reinsurers optimistic of premium growth & improved penetration
9th October 2018
For the first time in the Africa Reinsurance Pulse’s survey series, a majority of industry respondents have predicted that reinsurance premiums will grow in-line-with or faster than GDP and that accordingly, penetration may improve. According to the executives of the reinsurance and brokerage firms operating in Africa, the continent’s reinsurers weathered ... Read the full article