Author: Jakki Green
African companies fear government’s ability to respond to major cyber attack, warns WEF
African businesses are more worried about their government’s ability to respond to major cyber incidents than colleagues in Europe or North America.
[...]
ASR launches first Africa-focused Lloyd’s Consortium
Africa Specialty Risks (ASR), the Africa- and Middle East-focused (re)insurance group, has launched the first Africa-focused Lloyd’s Consortium.
Th [...]
Reinsurance market starts 2025 in strong position, suggests Aon
The reinsurance industry starts 2025 in a strong position, according to the final Reinsurance Market Dynamics report from Aon.
It reported that glo [...]
Strong reinsurer appetite drives excess property catastrophe capacity, says Guy Carpenter
Non-loss-impacted property catastrophe renewals saw notable risk-adjusted reinsurance rate reductions of 5% to 15% on January 1. However, there was a [...]
Insurers turn to facultative reinsurance as a strategic tool, suggests WTW
Facultative reinsurance is increasingly seen as a core element of risk management strategies; however, insurers may face significant barriers accessin [...]
Moody’s confident on property and casualty
Moody’s has changed its outlook for the global property & casualty (P&C) insurance sector to stable from negative.
The change reflects its [...]
ASR subsidiaries sign binding authorities with Eureka Re
Africa Specialty Risks (ASR) Mauritius and ASR Middle East have agreed binding authority agreements with Eureka Re, the multinational reinsurer. Eurek [...]
ASR begins operation in Dubai to serve Middle East and Africa
Reinsurance group Africa Specialty Risks (ASR) has launched operations for ASR Middle East as a Lloyd’s service company, allowing it to underwrite bus [...]
Commercial insurers struggling to find profitable growth, warns McKinsey
Profitable growth is increasingly hard to find, according to McKinsey. Commercial property and casualty insurers need to be deliberate about where and [...]
Personal lines relevance still below pre-pandemic levels, warns McKinsey
While personal lines property and casualty insurance premiums grew by 9.5 percent in 2022-23 to US$1.1-trillion—outpacing nominal global GDP by half a [...]