Author: Jakki Green
Consilium launches new FAC reinsurance division to drive Africa business
Consilium, the global speciality (re)insurance broking business of the Aventum Group, has launched a new cedant-driven FAC reinsurance division.
Si [...]
New open exposure data standard launched by insurance sector to improve resilience
In what is seen as a way to promote inclusion and improve resilience, Aon has announced the implementation of an Open Exposure Data (OED) Standard cur [...]
Property most challenging line of business through January 1 renewals, says Aon
The most difficult reinsurance renewal conditions were experienced in the property segment, according to Aon in its latest Reinsurance Market Dynamics [...]
South Africa facing real threat to security from power cuts, warns IRMSA
The Institute of Risk Management South Africa (IRMSA) has joined growing calls on government to take immediate action to address unparalleled loadshed [...]
WEF warns interconnected risks will have long-term impact – unless action is taken now
Deeply interconnected global risks are threatening both short-term security and longer-term stability, warned the World Economic Forum (WEF) in its la [...]
Greenwashing not fooling investors, new study finds
The more impact companies have on climate change, the more likely they are to issue climate reports, a new study has revealed.
According to the Vie [...]
Two severe weather events in Africa contributed to overall nat cat figures, revealed Munich Re
Two severe flood events were the year’s worst natural disasters in Africa, according to the 2022 natural catastrophe report from Munich Re.
Followi [...]
Reinsurance markets face tough start to 2023, warns Guy Carpenter
January 1 renewals are proving to be one of the most challenging reinsurance markets the sector has experienced, as reinsurers and cedents work to est [...]
UK pledges £200m to help adaption to climate change across Africa
The UK has announced a significant increase in its financial support to the poorest African countries that bear the brunt of climate change.
Speaki [...]
Insurance will play ever larger part in managing climate change risks, suggest Egyptian insurers
Insurance and other risk transfer and financing mechanisms will become increasingly important in managing catastrophic risk as countries transition to [...]