A.M. Best does not expect to take rating actions in the near term as a direct consequence of the decision by United Kingdom (UK) voters to leave the European Union (EU). In a referendum held on 23 June 2016, 51.9% voted to relinquish EU membership. The implications for the […]
Insurance
Lloyd’s will stay ‘at centre’ of global insurance market despite Brexit
Lloyd’s chairman says market ‘fully equipped’ to operate in the new environment LLOYD’S chairman John Nelson has moved to allay fears about the impact of the UK’s vote to leave the EU on the Lloyd’s market. Mr Nelson said: “Lloyd’s has a well prepared contingency plan in place and Lloyd’s […]
Insurance sector hit hard by Brexit vote
Oliver Ralph, Insurance Correspondent Shares across the insurance sector fell heavily in the wake of Britain voting to leave the EU, with many in the industry concerned about the impact of the referendum result on Lloyd’s, London’s insurance market. One of the big attractions to insurers of operating via Lloyd’s […]
MOVES-AXA IM appoints UK head of insurance solutions
AXA Investment Managers, the asset management unit of AXA SA, appointed Chris Price UK head of insurance solutions. Price joins from Deutsche Bank, where he was director of insurance asset management and head of industry solutions in the UK. He will be based in London and report to Mathilde Sauvé, […]
FNB Life wins award
Within the first year of operating, FNB Life was recognised as one of most innovative insurance players globally at the inaugural Efma and Accenture Innovation in Insurance Awards 2016, recently held in Milan. The insurance administrator was the only South African insurance business to be acknowledged at the awards. The […]
Heritage insurance suspended by Zim regulator
Zimbabwe’s insurance regulator has suspended short-term insurance firm, Heritage, from issuing or renewing policies due to poor financial position. The Insurance and Pension Commission said it will provide the market with updates on the companies under suspension as and when any notable developments are reported. Heritage joins the likes of […]
Insurers target youths in multi-billion rebrand project
From left: Managing Director Mutual benefits General Insurance, Segun Omosehin; Vice Chairman Sub Committee Publicity of the Insurers Committee, Ebelechukwu Nwachukwu and a member of the committee at the event. Leave a comment and share Chuks Udo Okonta Getting the youths to embrace insurance is the core mandate in the […]
11.4 million cars on SA roads not insured
A staggering 11.4 million cars in South Africa take to the roads every day without insurance cover. A further 800,000 vehicles are either unregistered or classified as unroadworthy. This is according to the Automobile Association of South Africa, which warned yesterday that uninsured motorists – who make up between 65% […]
Insurers shop for volunteer professional teachers
From left: Director-General Chartered Insurance Institute of Nigeria, Richard Borokini; President, Lady Isioma Chukwuma and Deputy President, Mrs Funmi Babington-Ashaye at the event. Leave a comment and share Chuks Udo Okonta The Chartered Insurance Institute of Nigeria (CIIN), has implored insurance professionals to volunteer as teachers and lecturers, so as […]
Axa: Investors Face Risks in Insurance Revolution
Europe’s second-biggest insurer is facing the need for radical change, but it is a hard time to do it By PAUL J. DAVIES High risks should bring high rewards. Europe’s second biggest insurer, Axa, is beginning a radical and risky overhaul of its business model and staff under a new, […]
