Articles by Jonathan Browning and Adelaide Changole

UK Supreme Court Starts Motor Finance Case With Billions on the Line

A fight over UK motor finance and whether lenders should be on the hook for billions of pounds in compensation will play out at the Supreme Court in one of the most highly-anticipated hearings in years. At stake, the scope …

Ninety One Joins Rush of Asset Managers Chasing Insurer Deals

South African asset manager Ninety One Ltd. has agreed to sell a stake to Sanlam Ltd., joining a raft of investment firms that have been tapping the deep pockets of insurers through such deals. Sanlam, the country’s biggest insurer by …

South Africa Insurer Santam Plans Asia Expansion, Following Success of Parent Sanlam

South Africa-based general insurer Santam Ltd. plans to expand in Asia to diversify its premiums and counter tepid growth at home. The insurer, a subsidiary of financial services group Sanlam Ltd., generates 82% of its premiums in South Africa. “We …

South African Insurer Discovery in Talks With US Insurers to Expand

Discovery Ltd., South Africa’s biggest health insurance provider, is in talks with US peers to bring its flagship wellness program known as Vitality to their market. While Discovery has long had a relationship with John Hancock Life Insurance Co. to …

Climate Change Poses Significant Risk for South African Insurers: Old Mutual

Climate change poses the most significant threat for South African insurance companies and risks raising premiums and the cost of reinsurance, a top official at its biggest insurer by assets said. After staying almost flat in the decade to 2020, …

South African Premiums to Rise as Insurers Face Growing Flood, Fire Risks: Sanlam

South Africans could soon be paying as much as 5% more on their premiums as insurers face growing risks both globally and locally. The country is now considered “very risky” due to mounting flood and fire dangers, as well as …

Kenya Re Expects to Sell More Political Risk Cover in 2017, Boosting Earnings

Kenya Reinsurance Corp., the country’s only publicly traded reinsurer, expects increased political risk linked to presidential elections in the East African nation next year to boost earnings, Chief Executive Officer Jadiah Mwarania said. Kenya is scheduled to hold the vote …