Author: Jakki Green
ASR forms new parametric reinsurance partnership to boost African cover
Africa Specialty Risks (ASR) has formed a landmark parametric reinsurance partnership with a leading European reinsurer, to increase its coverage for [...]
P&I renewals up for fifth consecutive year as inflation bites, warns AM Best
Despite a relatively benign year for pool claims in 2023, Protection and Indemnity (P&I) clubs will seek further price improvements at the Februar [...]
South Africa’s record-low corruption score sparks economic concerns, warns risk body
The Institute of Risk Management South Africa (IRMSA) is concerned at South Africa’s lowest-ever rating in the new Corruption Perceptions Index (CPI) [...]
More than three-quarters of supply chain report labour shortages
Seventy-six percent of the global supply chain and logistics leaders surveyed are experiencing notable workforce shortages in their operations. What’s [...]
Insurance regulators look to have common international standard in place soon
The International Association of Insurance Supervisors (IAIS) has published its 2024 Roadmap, marking the culmination of a 13-year journey for the glo [...]
Global reinsurance industry looking strong for 2024, says AM Best
The global reinsurance industry demonstrated a significant recovery of prior-year capital losses in 2023, driven by strong technical results, unrealiz [...]
Reinsurance renewals much calmer on January 1, reports Aon
In contrast to 12 months earlier, the key reinsurance renewal period of January 1 proceeded ‘relatively smoothly’, as a rebound in profitability and c [...]
Munich Re aims to grow reinsurance business in 2024
As the 1/1 renewal season fast approaches and as 2023 ends, Munich Re has put out a statement saying that the group is aiming for a net profit of €5bn [...]
Allianz Commercial identifies key risks for directors and officers in 2024
Board members and company executives can be held liable for an increasing number of scenarios. Inadequate responses to economic pressures, geopolitica [...]
Insurers add voice to climate change debate as COP28 ends
As the UN’s global climate talks came to a close, the insurance industry is taking stock of the decisions made and the direction that world leaders w [...]