Leave a comment and share Shaibu Ali, the Vice President of the Insurance Brokers Association of Ghana, has urged brokers to carefully assess the commercial implications of the COVID-19 pandemic on their clients to protect themselves from the risk of claims. Mr Ali, who is also the CEO of KEK […]
Spotlight
Old Mutual confirms permanent CEO
Financial services firm Old Mutual Limited has announced the appointment of acting chief executive officer Iain Williamson as its permanent head. The move ends more than a year of uncertainty over who will lead one of South Africa’s biggest insurers following the suspension and subsequent sacking of former CEO Peter […]
Risk professionals urged to leverage opportunities during COVID-19
By Ranamita Chakraborty A recent research report from Airmic, a UK-based association for risk and insurance professionals, demonstrated that the scale and velocity of the COVID-19 pandemic took many organisations by surprise. At the same time, it found that risk professionals are receiving more board time than ever before as […]
AM Best Assigns Credit Ratings to WAICA Reinsurance Corporation PLC
Group Managing Director, WAICA Re, Abiola Ekundayo Leave a comment and share Chuks Udo Okonta AM Best has assigned a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of “bbb-” to WAICA Reinsurance Corporation PLC (WAICA Re) (Sierra Leone). The outlook assigned to these Credit Ratings […]
COVID-19: Insurance Industry Must Provide Financial Stability – Rev. Okosun
Reverend Okosun Reverend Kennedy Okosun, the Chief Executive Officer (CEO) of Krif Ghana Limited, has said a well-developed insurance industry is key in efforts to improve the stability of the financial markets. He said the insurance sector must offer packages that would protect individuals and businesses from losses, especially in […]
WAICA Re posts $70m gross written premium in 2019
Ekundayo Leave a comment and share Chuks Udo Okonta WAICA Reinsurance Corporation (WAICA Re) closed its 2019 financial year with a Gross Written Premium (GWP) of $70 million, which represents 21 per cent of growth compared to 2018 figures. The reinsurance firm also achieved a profitability of $9.5 million, which […]
Insurer AXA says made investment portfolios greener in 2019
LONDON (Reuters) – French insurer AXA (AXAF.PA) said it reduced the temperature score of its investments in 2019, bringing them closer to alignment with the targets of the Paris Agreement on climate change. The so-called “warming potential” of its investments, a measure of their contribution to climate change, had fallen […]
Texas auto insurers sitting on windfall of up to $869m
By Amir Sadiq With COVID-19 driving down automobile activity, auto insurers in Texas could reap a windfall estimated between $606m and $869m, according to non-profit organisation Texas Appleseed (Appleseed). The organisation’s research has found that since March, weekly accidents in Texas declined by an average of 43%. However, about a […]
Why tier based recapitalisation model failed – Past NIA Chairman
Smart. Leave a comment and share Chuks Udo Okonta The Tier based capital introduced by the National Insurance Commission (NAICOM) was no doubt a very good model, but it failed because of the way the model was implemented, the past Chairman, Nigerian Insurers Association (NIA), Tope Smart has said. He […]
Facebook: Aviva and Intercontinental Hotels Group pause ads
Aviva Facebook and Holiday Inn brandsImage copyrightGETTY IMAGES By Jane Wakefield Technology reporter Two leading UK firms – the insurer Aviva and the Intercontinental Hotels Group (IHG) – have become the latest to “pause” advertising on Facebook. They join Ford, Adidas, HP, Coca Cola, Unilever and Starbucks, which have all […]
