Climate Change Poses Significant Risk for South African Insurers: Old Mutual January 29, 2024 By Adelaide Changole Climate change poses the most significant threat for South African insurance companies and risks raising premiums and the cost of...
Global Life Insurers Adapt Pandemic Risk Models After Unexpected Jump in Claims January 13, 2022 By Carolyn Cohn and Noor Zainab Hussain A coronavirus pandemic which lasts five years, another pandemic in a decade, and ever more transmissible variants are among the...
S. African Riot Insurer to Shoulder Bulk of Claims After Days of Violent Civil Unrest July 19, 2021 By Roxanne Henderson and Khuleko Siwele As calm begins to return to South Africa following days of violent riots that caused billions of rand in damage,...
S. Africa’s Regulator to Clarify Policyholders’ Rights in Pandemic Insurance Claims August 7, 2020 By Emma Rumney South Africa’s financial watchdog is consulting with lawyers and the insurance industry on a potential test case to clarify whether...
S. Africa Insurers’ COVID-19 Payments May Be Too Little, Too Late, for Some Businesses July 31, 2020 By Emma Rumney and Joe Bavier South African small businesses fighting rejected coronavirus-related claims said insurers’ offers of relief are too little too late for many...
Cape Town Drought Highlights Water Scarcity Risk to Vulnerable Cities Globally: UBS August 28, 2018 By John Viljoen Cape Town’s water crisis, which saw the drought-hit city come within 90 days of turning off the taps earlier this...
Old Mutual Finishes Restructuring to Focus on S. African Market June 26, 2018 By Roxanne Henderson and Thembisile Dzonzi South Africa’s prodigal insurer returned home to a lukewarm welcome on Tuesday. Old Mutual Ltd. started trading its stock in...
R&Q Buys Old Mutual’s Run-Off Captive, Constantia Insurance January 2, 2018 Randall & Quilter (R&Q) announced it has acquired Constantia Insurance Co. (Guernsey) Ltd., a captive company now in run-off, from...
Cape Town Hit by Worst Storm in 30 Years, Threatening Insurers’ Outlook June 8, 2017 By Renee Bonorchis South Africa’s property and casualty insurers face an even tougher year than expected after Cape Town experienced its worst storm...
Old Mutual Backs Its South Sudan Businesses – Despite War, Famine April 12, 2017 By Okech Francis Old Mutual Plc will continue to back its businesses in war-torn South Sudan even after profit plunged last year because...