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Insurance
African Risk Capacity launches outbreak & epidemic parametric insurance
The specialised agency of the African Union African Risk Capacity (ARC) has launched an outbreak & epidemic (O&E) insurance for African governments.   20 September 2017
News
JLT Re partners to build solar energy output insurance product
Broker JLT Re has partnered with data repository and risk management provider kWh Analytics to create a risk transfer product insuring solar energy output.   20 September 2017
News
Africa Re South Africa MD resigns, Ghana Re MD replaced
Africa Reinsurance Corporation (Africa Re) said on Sept. 19 that Daryl De Vos, managing director of Africa Re South Africa (ARCSA) has resigned.   20 September 2017
Insurance
Traditional insurers wary of engaging with consumers: start-up founder
The vast majority of insurers want to stay as far away as possible from their customers – but if they are to be successful in the digital age, this must change.   20 September 2017
Insurance
Hurricane Maria to test Caribbean/Puerto Rican insurers
Hurricane Maria is set to hit the same Caribbean/Puerto Rican insurers which have already been impacted by Hurricane Irma, AM Best said in a Sept. 19 report.   20 September 2017
Insurance
Cat modelling needs to move beyond property losses post Harvey: Russell
Hurricane Harvey demonstrates the need for catastrophe modelling to move beyond property losses, said Russell Group managing director, Suki Basi.   19 September 2017
Insurance
Investors expect worse losses than Hurricanes Harvey, Irma and Maria
As Hurricane Maria follows a similar path as Hurricane Irma that hit Florida on Sept. 10, investors are discounting book value hits on property/casualty stocks that are worse than the losses so far seen in the hurricane season, Credit Suisse said in a Sept. 18 analyst report.   19 September 2017
Insurance
Hurricane Maria targets Puerto Rico
Hurricane Maria, the second major storm to hit the Caribbean this month, crept toward the US Virgin Islands and Puerto Rico after it ripped through the small island nation of Dominica, causing widespread devastation, according to a Reuters report.   19 September 2017
Insurance
IUMI warns on ‘sinking’ offshore energy insurance market
The chairman of the International Union of Marine Insurance (IUMI) offshore energy committee, James McDonald warned that the sector was "sinking".   19 September 2017
Insurance
IUMI calls for improved firefighting systems on board container vessels
With the growing size of container vessels, and a recent spate of fires on board of these ships, the International Union of Marine Insurance (IUMI) is concerned that current firefighting provisions are insufficient.   19 September 2017

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