Category: Environment
Investors urged to look at the Tropics to finance forest carbon credit projects
Investors wanting to finance forest carbon credit projects, while mitigating portfolio risk, should look to diversified investment portfolios in the t [...]
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 [...]
How Zep-Re is implementing a World Bank-backed project to reach 250,000 pastoralists in the Horn of Africa and enabling $500M in private capital
Zep-Re (PTA Reinsurance Company) is implementing the first component of a World Bank-backed project that is targeting to enable more than US$500 milli [...]
This year presented plenty of challenges but 2023 should see more growth in solutions and insureds, suggests ARC Ltd.
This year has been incredibly challenging, according to Lesly Ndlovu, CEO of African Risk Capacity Ltd., but it proved the value of insurance like nev [...]
Africa climate risk facility likely to be up and running within 12 months
The African insurance market has a golden opportunity to show the value of insurance to governments and climate funds, as well as to companies and bus [...]
Swiss Re warning on natcat rises and continuing protection gap
Hurricane Ian and other extreme weather events such flooding in South Africa resulted in an estimated US$115bn of natural catastrophe insured losses t [...]
More insurers walk away from EACOP project in clash with ESG policies
Arch Capital Group and AEGIS London have joined the 19 (re)insurance companies ruling out the controversial East Africa Crude Oil Pipeline (EACOP) pro [...]
Partnerships crucial in tackling climate change risks, stresses Zep Re
Bringing the local market together with regional and global players will be crucial in ensuring that climate change insurance products reach their tar [...]
Signatories to Nairobi Declaration pledge to underwrite $14bn climate risks to ensure sustainability
The Signatories of the Nairobi Declaration on Sustainable Insurance have pledged to set-up Africa Climate Risk Facility to underwrite $14bn climate ri [...]
Tanzanian insurers launch consortium to keep oil and gas capacity in country
A consortium of 22 insurance companies in Tanzania is to provide cover for significant oil and gas projects, including the US$30 billion Lindi’s Lique [...]