Author: Jakki Green
ASR receives BBB+ rating from Fitch
Africa Specialty Risks (ASR), the pan-African and Middle East-focused (re)insurance group, has reported that Fitch Ratings has assigned a BBB+ long-te [...]
Global climate financing by banks hits record levels but most goes to richer countries
Multilateral development banks (MDBs) have reported their global climate finance reached a record high of US$125-billion in 2023, however, the fastest [...]
CFC launches debt financing insurance linked to climate change
Specialist insurer CFC has developed a ground-breaking insurance policy first deployed with Standard Chartered Bank.
In a first for both the insura [...]
Geopolitics driving change for marine insurance, IUMI president warns
Recent geopolitical tensions are one of the key drivers of change for the marine insurance market, warned International Union of Marine Insurance (IUM [...]
Munich Re confident of reinsurance growth as market heads to Monte Carlo
As reinsurers head to Monte Carlo for the annual rendezvous, Munich Re predicted that following pronounced growth in recent years, the global reinsura [...]
Financial innovation needed to help Africa adapt to climate change, warns UN
The impact of global warming is costing African nations up to 5% of their economic output, the UN climate chief has warned.
According to Reuters, S [...]
Real-time travel assistance upgrade as Blink moves into Africa
Irish Insurtech Blink Parametric and Mawdy are extending their real-time travel assistance insurtech to the network of ceding insurers reinsured by MA [...]
Drought in southern Africa hits 68 million people, warns SADC
Insurers will be bracing themselves as southern African governments warned about 68 million people are suffering the effects of an El Nino-induced dro [...]
Global natural catastrophe half-year losses down on 2023 figures, according to Munich Re
Global losses in the first half of 2024, at US$120bn, were lower than in the previous year ($140bn), according to the latest report from Munich Re.
[...]
Renewable energy sector holding its own in face of flurry of challenges, says WTW
The renewable energy sector has shown resilience and optimism in 2024 despite facing constraints such as climate issues, supply chain disruption, casu [...]