ASR names Bheenick to head Mauritius-based reinsurerAfrica Specialty Risks has appointed Krishna Bheenick as managing director for its new operation in Mauritius.
ASR launches Bermuda reinsurer to bolster MGA capacityAfrica Specialty Risks has launched a licensed reinsurance entity in Bermuda to bolster the group’s current MGA capacity.
ASR secures $10mn capacity from Atrium for political violence and terrorismAfrica Specialty Risks has secured an additional $10mn of capacity for its political violence and terrorism division from Lloyd’s insurer Atrium Underwriting.
ASR grows political risk and trade credit unit with Hamilton’s HussainPan-African reinsurance MGA Africa Specialty Risks has continued the build-out of its political risk and trade credit offering with the hire of underwriter Amir Hussain.
Swiss Re to pick up lion’s share of South Africa PV reinsurance lossesSwiss Re has the biggest share of South African state-backed political violence insurer Sasria’s Aon-brokered reinsurance program and is expected to bear the brunt of the losses handed to reinsurers following recent civil unrest in the country, The Insurer understands.
Insurers face claims of up to $680mn from South African civil unrest: reportsSouth African state-backed political violence insurer Sasria has estimated that claims for damage and theft from businesses affected by civil unrest in the country are likely to be between 7bn rand and 10bn rand ($481mn-$683mn).
Aon shakes up EMEA leadership as Cullen exitsAon has handed Eduardo Dávila responsibility for its commercial risk, health and affinity unit in Europe, Middle East and Africa (EMEA) following the exit of CEO John Cullen.
Rokstone confirms launch of Africa unitLondon-headquartered MGA Rokstone has confirmed the launch of a new Mauritius-based office to write African specialty risks, a move first revealed by The Insurer last September.
Axa expands Asia CEO Watson’s remit to include AfricaAxa has extended the remit of Asia CEO Gordon Watson to include Africa following the combination of the two regional units.
Willis Re hires UIB’s Kassali as MENA regional directorWillis Re has brought in Chems-Eddine Kassali from United Insurance Brokers (UIB) as its new regional director, Middle East and North Africa (MENA).
Africa Specialty Risks launches parametric divisionAfrica Specialty Risks (ASR) has continued its build-out with the launch of a parametric division, ASR Parametric.
Africa Specialty Risks to launch Mauritius-based reinsurerAfrica Specialty Risks (ASR) has launched a fully capitalised reinsurer in Mauritius with private equity and development finance backing.
Africa Specialty Risks expands into liability as Boreham joins from MS AmlinAfrica Specialty Risks (ASR) has expanded into liability with the hire of Martin Boreham from MS Amlin.
Allianz acquires majority stake in Kenya’s JubileeAllianz has acquired a controlling stake in Jubilee General Insurance Limited in Kenya, as the German insurer continues to strengthen its foothold in Africa.
Gallagher takes minority stake in MENA broker AceArthur J Gallagher has agreed a strategic partnership with MIG Holding that will see the company acquire a minority interest in Middle East and North Africa specialist broker Ace.
Chaucer strikes RITC with Axa African specialty SPAChaucer Syndicate 1084 has accepted the reinsurance to close (RITC) of the liabilities of its former joint venture with Axa – Special Purpose Arrangement (SPA) 6130 – for the 2018 year of account.
ASR enters political violence and terrorism market with Axa XL’s AzamPan-African reinsurance MGA Africa Specialty Risks has launched a war, political violence and terrorism offering led by Zouheb Azam.
QBE Re names Tornetta head of Africa in regional pushQBE Re is expanding its treaty hub for Africa with the appointment of Attilio Tornetta as head of Africa.
World Bank backs development of Tunisian catastrophe insurance marketThe World Bank has approved $50mn in financing to support a disaster and climate resilience project in Tunisia, which will include a public-private insurance mechanism to protect against the financial fallout from natural disasters.
Africa Specialty Risks hires Brit’s Way for in-house pricingPan-African reinsurance MGA Africa Specialty Risks (ASR) has appointed Peter Way as its first actuary, focusing on the development of in-house pricing models.