Reinsurance
Rishi Sunak,finance minister, UK
Brexit offers Britain chance to do financial services differently -minister
London, Dec 27: Brexit offers Britain a chance to do things differently in financial services, finance minister Rishi Sunak said on Sunday, but it will co-operate with the European Union on an approach to the sector despite little detail on the topic in its trade...
Mauritius shipping disaster caused by lack of attention to safety - owner
TOKYO: Japan’s Nagashiki Shipping said on Friday the grounding of one of its large bulk carriers that caused an ecological disaster in Mauritius was due to a lack of safety awareness and a failure to follow rules as it pledged better training and oversight. The...
Insolvencies, cyber threats and ESG scrutiny are top risks for directors and officers in 2021:Allianz
London//New York/Paris//Singapore,Dec 23 The Covid-19 pandemic has created a highly volatile and uncertain environment for businesses resulting in a litany of new or heightened risks for directors and officers (D&O) as well as exacerbating the situation in an already strained D&O insurance market, according to...
Launch of the first parametric tropical cyclone insurance product in Africa
Johannesburg: The African Risk Capacity (ARC) Group offers a new insurance mechanism to African countries in the South West Indian Ocean (SOOI) region to cope with the devastating effects of cyclones tropical. This parametric insurance product will provide countries with predictable and rapid funding for...
Canada records 20-year high in outbound insurance M&A
TORONTO/LONDON: Canadian firms’ overseas investment in insurers hit a 20-year high this year boosted by Intact Financial’s joint agreement last month to buy British insurance group RSA for 7.2 billion pounds ($9.6 billion) and market participants expect more deals in 2021. The RSA deal is...
Dutch court case claims Shell’s operations violate human rights
LONDON: Royal Dutch Shell Plc is in court in The Hague for the final hearing in a landmark case that could force it to reduce its carbon footprint. The case brought by the Dutch arm of Friends of the Earth, Milieudefensie, links the oil major’s...
S.African court dismisses insurer Guardrisk's appeal in COVID-19 claims case
JOHANNESBURG: A South African court on Thursday dismissed insurer Guardrisk’s appeal against a previous ruling that found it was liable pay a Cape Town cafe’s rejected coronavirus claim. Like other insurers in South Africa and around the world, Guardrisk, the fourth largest non-life insurer in...
Benoît Ribadeau-Dumas
Benoît Ribadeau-Dumas to succeed Denis Kessler as CEO of SCOR
Paris: The Board of Directors of SCOR , which met today, has decided to separate the roles of Chairman and Chief Executive Officer of the company and chose Benoît Ribadeau-Dumas to succeed Denis Kessler, as its chief executive officer. With effect from January 1, 2021,...
Insolvencies, Cyber Threats and ESG scrutiny drive 2021 risks for Directors and Officers: Allianz
NEW YORK: The Covid-19 pandemic has created a highly volatile and uncertain environment for businesses resulting in a litany of new or heightened risks for directors and officers (D&O) as well as exacerbating the situation in an already strained D&O insurance market, according to the...
Swiss Re Corporate Solutions to write direct insurance in S. Africa
Swiss Re Corporate Solutions has received a direct insurance authorization from the South African joint regulators Prudential Authority and Financial Sector Conduct Authority. Located in Johannesburg and fully operational, Swiss Re Corporate Solutions Africa offers customers in South Africa the full range of its products,...
