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South Africa’s state-owned insurer sets up $1.1 billion riot buffer, to safeguard anticipated future unrest

South Africa’s state-owned insurer sets up $1.1 billion riot buffer, to safeguard anticipated future unrest

“All the ingredients for a protest are in place — someone just needs to light the match,” Mpumi Tyikwe, the insurer’s chief executive officer, said in an interview in Bloomberg’s Johannesburg office last week. “We can handle a significant event now. I think anything...

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Global natural disasters cause overall losses of around $ 131bn,insured losses at $ 80bn in H1 2025, says Munich Re

Global natural disasters cause overall losses of around $ 131bn,insured losses at $ 80bn in H1 2025, says Munich Re

Thomas Blunck, Member of the Board of Management After the record year of 2024, the current year is again on its way to ranking among the warmest since the beginning of systematic record-keeping. Based on NOAA data, the annual average global temperatures in the first...

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