Emerging Capital Partners, along with its investment partners, has sold C-Re Holding Ltd. to Saham Finances S.A, the insurance arm of Saham Group. Financial terms weren’t announced. C-Re owns 53.6 percent of Continental Reinsurance, a private reinsurance company in Africa, excluding South Africa. PRESS RELEASE 22 September 2015: Emerging Capital […]
Insurance
UK government to take forward new insurance ‘prompt payment’ requirement
Insurers would be under a legal requirement to settle claims within a “reasonable time” if new laws introduced to the UK parliament are passed in their current form. Out-Law.Com reported that the new requirement is included in the Enterprise Bill, which is currently before the UK parliament. Although it would […]
Kari to insurers practice what you preach
Leave a comment Chuks Udo Okonta The Commissioner for Insurance Mohammed Kari has urged insurance operators to reflect professionalism in their words and deeds by upholding the tenets, ethics and principles of their profession. His disclosed this in Abeokuta, the Ogun State Capital, stressing that operators should imbibe the spirit […]
ARIAN inaugurates Imo chapter
The Association of Registered Insurance Agents of Nigeria (ARIAN) has inaugurated a new chapter in Owerri, the Imo State capital, its President, Gbadebo Olameru has said. According to him, the new chapter will enable the national secretariat to conduct the needed assessment to address some of its strategies towards the […]
A.M. Best to Speak at the 20th Annual African Reinsurance Forum
A.M. Best will present at the African Insurance Organisation’s (AIO) 20th Annual African Reinsurance Forum on “The Importance and Relevance of Credit Ratings in an Emerging Market.” Greg Carter, managing director of analytics—EMEA, will give the presentation on Tuesday, 6 October. The AIO-organised event will be held 4-6 October in […]
Insurance broker, 50, acquitted of biting policeman’s hand is convicted after Hong Kong magistrate overturns verdict
Mark Kirkham given suspended jail sentence after court rules that he was not subject to excessive force An insurance broker previously acquitted of biting a policeman’s hand was yesterday convicted of assaulting the officer, as a magistrate overturned his previous verdict and ruled that the broker was by no means […]
Growing interest in cybercrime insurance
MORE South African businesses have been inquiring about and purchasing cybercrime insurance, according to independent insurance and risk specialist Risk Benefit Solutions. Internationally there have been a handful of high-profile instances of cybercrime, most notably the recent hacking of Ashley Madison and Sony Pictures that put millions of users’ confidential […]
Zurich Insurance abandons plans for RSA bid
Zurich Insurance has announced that it has finished its discussions with RSA and does not plan to make a bid. The Swiss insurer announced in July that it was considering buying its British counterpart for £5.6bn. RSA said that the approach had been unsolicited but that Zurich’s decision not to […]
Most actions of our professionals are criminal, says Kari
Chuks Udo Okonta Most of the actions of our professionals today are actually criminal, the Commissioner for Insurance Mohammed Kari, has said. He said this at the just concluded 2015 Insurance Professionals’ Forum in Abeokuta, Ogun State, stressing that if the Industry fails to implement its code of conduct, the […]
Swiss Insurance Company Wants Higher Premiums For People Who Don’t Wear Fitness Trackers
Forbes Michael Thomsen , Opinions expressed by Forbes Contributors are their own. CSS wants people to walk more. In July, the Swiss health insurance company launched a pilot program with 2,000 volunteers to collect data on how far each person walks in an average day, according to Swiss news site […]
