Tag: Feature
Lloyd’s to pay £52m in reparation for slave trade
Lloyd’s of London is to pay £52m in reparations for insuring the slave trade, announcing details of “Inclusive Futures: a comprehensive programme of i [...]
Global marine premiums up 8.3% in 2022, says IUMI
Global marine premiums rose 8.3% in 2022, according to the International Union of Marine Insurance (IUMI).
Releasing its 2023 analysis of the globa [...]
Risk managers need to up their horizon scanning in power sector, suggests WTW
Broker WTW is suggesting risk managers should invest in horizon-scanning across the power sector to assess their own unique risk profile and to work w [...]
Munich Re profits up in Q3
Munich Re has seen its results improve in the last quarter, preparing and communicating financial data in accordance with two new financial reporting [...]
Policy inaction and investment risks undermine South Africa’s growth amid fiscal strain
South Africa’s latest mini budget will inevitably put more pressure on effective risk management policies, according to a local risk manager.
Risko [...]
Insurance supervisors must act on natcat risks, says IAIS
Natural catastrophe (NatCat) protection gaps – the uninsured portion of economic losses caused by natural disasters – matter for insurance supervisors [...]
South Africa’s Hollard International enters East Africa in deal with Kenya’s APA
South Africa’s insurance group Hollard International is acquiring a 20% stake in Kenya’s insurance group Apollo Investments Limited, extending its rea [...]
Risks from extreme heat need to be properly managed, warns Aon
Risk from chronic perils like extreme heat have traditionally been a blind spot in the insurance industry, despite the increasing cumulative costs of [...]
Climate change tops future risks list, warns Axa
Climate change is top of the list of 10 future risks, according to a new report from Axa XL for the third year in succession.
It is followed by cyb [...]
Warning on ransomware and extortion claims as numbers rise once again, says Allianz
Following two years of high but stable loss activity, 2023 has seen a worrying resurgence in ransomware and extortion claims as the cyber threat lands [...]