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Guy Carpenter and Marsh to combine South Africa operations
23rd November 2021
Guy Carpenter and Marsh, both businesses of Marsh McLennan (MMC), have announced that they will combine their South Africa facultative reinsurance operations into a single business from January next year. The new unit will operate under the Guy Carpenter brand as it’s part of the company’s strategy to expand its presence ... Read the full article
Non-African reinsurers must adapt to Africa, not vice versa: Neema
19th November 2021
Unlocking the enormous opportunities in the African market will require reinsurers to adapt their approach based on local realities, not the other way around, according to African specialist underwriting agency, Neema Insurance Managing Agency, which has recently celebrated its first year of operations with very strong results. During an interview with ... Read the full article
Gallagher looks to develop in Middle East & Africa with energy hire
27th October 2021
Re/insurance broker Gallagher has announced plans to further develop its energy proposition in the Middle East and Africa with the addition of William Peilow as a partner in its Specialty energy team. Peilow joins from Willis Towers Watson (WTW) and brings existing relationships with risk managers, insurance and reinsurance companies in ... Read the full article
Allianz Africa names Delphine Traoré as CEO
25th October 2021
Allianz Africa has appointed Delphine Traoré as Allianz Africa Regional Chief Executive Officer (CEO), in addition to her current responsibilities. She succeeds Coenraad Vrolijk who is leaving Allianz Africa to pursue new opportunities outside of the Allianz group. Traoré joined the Allianz Group in 2005 with Allianz Global Corporate & Specialty (AGCS) ... Read the full article
Munich Re Automation Solutions launches Predictor in South Africa
15th October 2021
Munich Re Automation Solutions, a provider of insurtech solutions to the life insurance industry, has launched its predictive underwriting enablement technology, Predictor, in South Africa. ALLFINANZ Predictor is designed to simplify the deployment and integration of predictive models, helping firms to achieve greater automation, better evidence management, in-depth model performance monitoring ... Read the full article
African Risk Capacity to join UN’s Net-Zero Asset Owner Alliance
28th September 2021
It's been announced that the African Risk Capacity (ARC) Limited is the first African company to join the UN-convened Net-Zero Asset Owner Alliance. The Net -Zero Asset Owner Alliance was established in 2019 by eight of the world’s leading insurers and reinsurers and is designed to transition insurance portfolios to net-zero ... Read the full article
Africa Re “optimistic” after improved H1 performance
27th September 2021
Africa Re CEO Corneille Karekezi has said he is “cautiously optimistic” about the company’s prospects for 2021, following an H1 period that yielded improved underwriting and investment performance, as well as higher profits. Africa Re recorded a gross premium income of US $421 million in the first six months of 2021 ... Read the full article
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