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South African insurers to make relief payments to virus-hit businesses
27th July 2020
South African regulators the Financial Sector Conduct Authority (FSCA) and the Prudential Authority (PA) have told non-life insurers to make one-off relief payments to businesses hit by COVID-19 losses as the market awaits a court decision on business interruption (BI) claims. The FSCA explained that these payments would allow businesses to ... Read the full article
Swiss Re welcomes Arthur Levry as Head of West Africa
2nd July 2020
Global reinsurance giant Swiss Re has announced the appointment of Arthur Levry as its new Head of West Africa, effective July 1st, 2020. In his new role, Levry will be tasked with managing the advancement and development of property and casualty (P&C) and Life and Health (L&H) products and solutions across ... Read the full article
JB Boda adds Kiguru to Nairobi office, eyes Africa expansion
25th June 2020
Indian broker JB Boda Insurance & Reinsurance Brokers (PVT) Ltd has announced the appointment of James Kiguru to its Nairobi office, as it eyes further expansion into the Africa agriculture market. Kiguru will work to drive the broker’s agriculture Panafric strategy, support the existing clientele base seeking agro-based organic growth and ... Read the full article
Parhelion Underwriting gets grant for African geothermal fund
20th May 2020
Parhelion Underwriting Limited, the UK-based energy and climate risk insurance and advisory group, has been awarded a $1 million grant to progress its investment fund for de-risking geothermal projects in east Africa. The P4G (the Partnering for Green Growth and Global Goals 2030 Initiative) scale-up grant and partnership from the national ... Read the full article
Chubb names Guney Celik as Regional Head of Marine, Eurasia & Africa
28th April 2020
Global insurer and reinsurer Chubb has announced the appointment of Guney Celik as Regional Head of Marine for Eurasia & Africa, effective immediately. Guney, who previously led Chubb's Marine portfolio in Turkey since 2017, takes responsibility for the ongoing expansion of the company's marine presence in the Eurasia & Africa region, ... Read the full article
Howden partnership strengthens position in Turkey, Middle East & Africa
18th December 2019
Howden, part of the Hyperion Insurance Group, has partnered with Abu Dhabi-based broker Guardian Insurance Brokers LLC to strengthen its position in the Turkey, Middle East and Africa (TMEA) region. Howden established its first presence in the UAE with an office in Dubai in 2008 and an office in Abu Dhabi ... Read the full article
Chubb makes $10mn equity investment in Africa’s ATI
10th December 2019
Insurer and reinsurer Chubb has made a $10 million equity investment in the African Trade Insurance Agency (ATI), making it the first global property and casualty (P&C) insurer to become a shareholder in the company. ATI is a multilateral political risk and credit insurer headquartered in Nairobi, Kenya. Established in 2001, ... Read the full article
Swiss Re CorSo adds Seelan Naidoo to key South Africa role
29th November 2019
Swiss Re Corporate Solutions, the commercial insurance arm of reinsurance giant Swiss Re Group, has appointed Seelan Naidoo as head of property & specialty lines in South Africa. He brings with him over 30 years’ experience in the commercial insurance sector and most recently served as head of property and engineering ... Read the full article
Sub-Saharan Africa provides reinsurers with a unique opportunity: A.M. Best
29th October 2019
The reinsurance landscape across Sub-Saharan Africa is unique, and while economic and political risks continue to pose challenges for market players, the region is still a long-term opportunity for reinsurers, according to A.M. Best. International financial services ratings agency, A.M. Best, has said that insurance markets across sub-Saharan Africa provides reinsurers ... Read the full article
Brokerslink targets growth in Africa with new steering team
11th October 2019
Independent broker network Brokerslink has established a new regional team to help drive growth and development opportunities for its broker partners and affiliates in Africa and through its international network. It follows the launch of a new steering team for Europe earlier this week, also aimed at supporting the global ... Read the full article
Declining profitability a concern for African reinsurers, says report
7th October 2019
The continued rise in protectionism remains the top concern for African reinsurers, while declining rates and rising claims add further pressure on the profitability of the African reinsurance markets, reports Dr. Schanz, Alms & Company in the 4th Africa Reinsurance Pulse. The latest edition of the Africa Reinsurance Pulse was published ... Read the full article
African Risk Capacity & SADC partner on disaster risk financing
4th October 2019
The African Risk Capacity (ARC) and the Southern Africa Development Community (SADC) have signed a Memorandum of Understanding (MoU) to strengthen resilience in the region through disaster risk management and financing frameworks. Natural disaster risks in the SADC region include droughts, floods, tropical cyclones, storms, and epidemics. The agreement is intended to ... Read the full article
Blue Marble expands UN Food Programme partnership in Africa
13th September 2019
Blue Marble Microinsurance - a consortium of nine companies including Zurich, AIG, Aspen, and Hamilton - has announced a deal with The United Nations World Food Programme that will see it provide weather index insurance solutions for the organisation across Africa. Blue Marble will provide smallholder farmers with an offering that ... Read the full article
ARC, Africa CDC agreement aims to bolster epidemic disease resilience
29th August 2019
Parametric development insurance provider the African Risk Capacity (ARC) has signed an agreement with the Africa Centre for Disease Control (Africa CDC) in a move it says will strengthen resilience to infectious diseases of epidemic nature. The two organisations have for some time been working together on establishing the Africa Epidemic ... Read the full article
Jacinta Karita named Group Chairperson of Africa’s Pacific Insurance & FirstRe
31st July 2019
The Board of Directors of Pacific Insurance Brokers (EA) Limited and First Reinsurance Brokers Africa Limited (FirstRe), have announced the appointment of experienced insurance and reinsurance professional, Jacinta Karita, as the new Group Chairperson, effective July 23rd, 2019. She brings more than 33 years' experience in the insurance and reinsurance sector, ... Read the full article