Category: Governance
Reinsurance brokerage in the CIMA zone: The need to fill the legal void
As in other markets, reinsurance plays a key role in the CIMA zone. However, besides its low penetration rate, reinsurance faces a major challenge [...]
AM Best affirms Continental Re’s B+ rating
AM Best has affirmed the financial strength rating of B+ (good) and the long-term issuer credit rating of “bbb-” (good) of Continental Reinsurance Plc [...]
S&P gives Africa Re full A rating
Africa Re has been awarded an “A” rating by Standard and Poor’s (S&P) Global Ratings for global-scale long-term issuer credit and insurer financia [...]
Santam syndicate to open for business at Lloyd’s
Santam Syndicate 1918, the new venture by Africa from the Santam Group has been granted Lloyd’s final permission to underwrite for business incepting [...]
IAIS receives FSB endorsement of its holistic framework
The Financial Stability Board (FSB) has reaffirmed its endorsement of the International Association of Insurance Supervisors’ (IAIS) Holistic Framewor [...]
Systemic risk limited in life sector, finds IAIS
Systemic risk in the life insurance sector appears limited at the global aggregated level, according to a new paper from the International Association [...]
Insurance gap continues to widen, warns IDF
The insurance gap across the world is continuing to widen, warns the Insurance Development Forum (IDF) in a critical new paper.
Increasing Insurabi [...]
Examining South Africa’s G20 standing through the lens of Africa Financial Markets Index
As the countdown to the G20 Leaders’ Summit in Johannesburg enters its final two weeks, US President Donald Trump has again taken aim at the event’s h [...]
Massive increase in companies disclosing sustainability-related information, finds OECD
There has been a massive increase in companies disclosing sustainability-related information, according to the Organisation for Economic Co-operation [...]
AfDB approves US$6 million grant to help with disaster preparedness financing across Africa
The African Development Bank Group (AfDB) has approved a US$6 million grant to support the African Risk Capacity (ARC) in boosting disaster preparedne [...]