Africa
K&R insurers crank up risk forecast in Africa amid terrorism fears
Kidnap and ransom insurance market experts have claimed that while recent attacks on an Algerian gas installation will have a material impact on underwriting strategy in the region, the local risks were already well understood.
Piracy falling but seas off East and West Africa remain dangerous
Piracy on the world's seas has reached a five-year low, with 297 ships attacked in 2012, compared with 439 in 2011, the International Chamber of Commerce International Maritime Bureauglobal piracy report revealed today.
MicroEnsure targets Asia with Telnor JV
MicroEnsure has formed a joint venture with mobile operator Telnor, with the aim of providing microinsurance products to four than four million people in Africa and Asia.
Indian general insurers look overseas
New India Assurance, United India Insurance, Oriental Insurance and National Insurance want overseas growth.
Guy Carpenter launches in Dubai
Guy Carpenter & Company has opened its first office in the Middle East and has received a licence from the Dubai Financial Services Authority to operate as an insurance intermediary in the Dubai International Financial Centre.
Willis restructures Europe operation
Willis is dividing its continental Europe operation into two regions: Western and Central & Eastern Europe.
Piracy: Has the tide turned?
Piracy off the coast of Somalia has dropped significantly since last year – bringing insurance premiums down with it – but what’s behind the decline, and how can it be sustained?
Xchanging names Guttridge as executive director
Technology services provider Xchanging has appointed Adrian Guttridge as insurance services executive director.
Blog: Why the FDI backlash?
Few concepts in recent times have divided Indian public opinion more than foreign direct investment.
Quake models to bridge gap in growing market
Aon Benfield has launched new Algeria and Morocco earthquake models, aimed at providing a more reliable estimation of losses insured properties face in these countries.
Aria reaches partnership deal with Globe Med
Aria Assistance has signed a strategic partnership for the delivery of assistance services with Africa and Middle East regional healthcare business Globe Med.
Spotlight on Economy and Society: Big money in micro insurance?
Eager to tap into new markets, insurers are forming new micro insurance partnerships in the far corners of the world.
Legal & General reshuffles overseas business
Legal & General has reorganised its international business, with overseas chief executive Gareth Hoskins taking early retirement and two directors sharing his responsibilities.
Automated weather stations bring low-cost insurance to Rwanda's farmers
As Rwandan farmers face increasingly erratic rainfall, Swiss Re has helped with the launch of an innovative programme that uses automated weather stations to provide low-cost insurance to protect farmers' loans for high-yielding seeds, fertilisers and…
Crawford recruits CEMEA business development director
Crawford & Company has appointed Tobias Walter, pictured, as business development director for Continental Europe, the Middle East and Africa.
Ghana Agricultural Insurance Pool makes first payment to farmers
One hundred and thirty six farmers in the northern region of Ghana have become the first beneficiaries of payments from the drought index insurance product under the Ghana Agricultural Insurance Pool.
Economic downturn driving liability demand
Demand for higher levels of liability insurance has surged across Europe, the Middle East and Africa, according to Marsh.
AGCS names new EMEA aviation head
Allianz Global Corporate & Specialty has promoted Henning Haagen to global head of aviation Europe, Middle East, Africa and Asia Pacific with effect from 1 January 2013.
Piracy risks undiminished by Somali election, says Willis
The election of Somalia's first formal government in more than 20 years is unlikely to mitigate risks of piracy in the Gulf of Aden according to a report from Willis.
Reinsurance market is united, says Guy Carpenter
Guy Carpenter & Company has praised the reinsurance industry for "coming of age" and finally "converging".
BlackRock recruits Leidtke for FIG role
BlackRock has appointed Patrick Liedtke, pictured, to lead its Financial Institutions Group in Europe, the Middle East and Africa.
Allianz poised for sub-Saharan growth with new CEO appointment
Allianz Global Corporate & Specialty is to establish a significant local presence in sub-Saharan Africa with the appointment of Delphine Maidou as chief executive of its regional subsidiary.
AGCS boosts Africa footprint with new hire
Allianz Global Corporate & Specialty is to establish a local presence in sub-Saharan Africa with the appointment of Delphine Maidou, pictured, as chief executive of its regional subsidiary AGCS of Africa.
Kiln sells South African operation to One Financial Investment Holdings
Specialist insurance and reinsurance underwriting group Kiln has agreed to sell Kiln South Africa to One Financial Investment Holdings for an undisclosed sum.