Author: Adesina Alewale

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Marine insurers warned Gulf of Guinea major threat

Marine insurers warned Gulf of Guinea major threat

More than 95% of the global piracy incidents in 2020 occurred in the Gulf of Guinea according to new figures. Marine insurers and those selling kid [...]
AM Best gives thumbs up to three of Africa’s reinsurers

AM Best gives thumbs up to three of Africa’s reinsurers

Ratings agency AM Best has endorsed the activities of three of the continent’s reinsurers in the past couple of weeks, providing a much-needed fillip [...]
AM Best affirms Africa Re’s financial strength rating of A (Excellent)

AM Best affirms Africa Re’s financial strength rating of A (Excellent)

The financial strength rating of the African Reinsurance Corporation (Africa Re) has been re-affirmed at A (excellent) and the long-term issuer credit [...]
AM Best affirms Ghana Re rating

AM Best affirms Ghana Re rating

AM Best has affirmed the financial strength rating of B (fair) and the long-term issuer credit rating of bb of Ghana Reinsurance Company Limited (Ghan [...]
Terrorists strike on both sides of continent

Terrorists strike on both sides of continent

Terrorists have struck on both sides of Africa, impacting political and economic interests. Insurers may anticipate a spike of interest in politica [...]
Former insurance commissioner to head new Nigerian reinsurer

Former insurance commissioner to head new Nigerian reinsurer

The former head of the Nigerian insurance regulator, Fola Daniel, is to head a new reinsurance company based in Nigeria. Current National Insurance [...]
Nigerian government rules against insurance regulator’s moves to recapitalise sector

Nigerian government rules against insurance regulator’s moves to recapitalise sector

Nigeria's House of Representatives has ordered the National Insurance Commission (Naicom) to suspend the planned 31 December 2020 mandatory deadline f [...]
Insurers have real opportunity to help small businesses survive pandemic shock

Insurers have real opportunity to help small businesses survive pandemic shock

Micro, small and medium-sized enterprises (MSMEs) form the backbone of many economies globally and give rise to economic growth, employment and innova [...]
Insurers continue to battle Covid-19 fallout

Insurers continue to battle Covid-19 fallout

Insurers across the continent are finding ways to cope with the Covid-19 pandemic’s shock to the economic system and to the insurance supply chain. [...]
Report: African insurers seeing value of digitalisation

Report: African insurers seeing value of digitalisation

While about 5% of African insurance premium has been generated digitally, that number could rise as high as 50% if insurers invest in technology, acco [...]
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