S. African Insurer Guardrisk Will Not Challenge Court Ruling on COVID-19 Claims December 18, 2020 JOHANNESBURG – South African insurer Guardrisk will not further challenge a court process that has found it liable to pay...
South Africa Court Dismisses Insurer Guardrisk’s Appeal in Coronavirus Claims Case December 17, 2020 JOHANNESBURG – A South African court on Thursday dismissed insurer Guardrisk’s appeal against a previous ruling that found it was...
Swiss Re Corporate Solutions Authorized in S. Africa to Write Direct Insurance December 15, 2020 Swiss Re Corporate Solutions announced it has received a direct insurance authorization from the South African joint regulators Prudential Authority...
South African Insurer Santam to Appeal COVID-19 Business Interruption Ruling November 20, 2020 Santam said on Friday it would appeal against a court ruling that found South Africa’s largest non-life insurer liable to...
South African Insurer Santam Loses COVID-19 Business Interruption Test Case November 18, 2020 By Roxanne Henderson A Cape Town court ordered Santam Ltd. to pay out business-interruption claims to two South African hospitality companies, potentially opening...
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...
S. African Insurers Bow to Policyholder Demands to Pay COVID Biz Interruption Relief July 29, 2020 By Roxanne Henderson South African insurers are bowing to demands for the payment of losses that businesses suffered during the nation’s lockdown. Momentum...
South Africa Retailer Steinhoff Offers $1B to Settle Global Accounting Fraud Lawsuits July 27, 2020 South Africa’s Steinhoff has proposed to pay around $1 billion to settle outstanding legal claims following a massive accounting fraud,...
South African Insurer Santam to Pay Virus Relief to Clients with Biz Interruption Cover July 27, 2020 By Roxanne Henderson South Africa’s largest property and casualty insurer will pay as much as one billion rand ($60 million) in relief to...