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Specialty tag returned 259 results

  • Tanzania: Insurers form agricultural and oil & gas consortia

    Several Tanzanian insurance companies recently established a consortium for insuring large and valuable projects in the country to reduce reliance on foreign insurance companies, revealed Commissioner of Insurance, Dr Baghayo Saqware.

    Africa | 25 Sep 2023
  • Australia: Markel enters market Down Under with 3 new offices

    Markel, the global specialty insurer that is part of New York-listed Markel Group, has announced that it will open three new offices in Australia this month.

    Asia | 22 Sep 2023
  • Lloyd's net profit approaches US$5bn at half-year 2023

    Lloyd's, the world's leading marketplace for insurance and reinsurance, yesterday announced a strong set of results for the first six months of 2023, with a profit before tax of GBP3.9bn ($4.9bn), which was a turnaround from a loss of GBP1.8bn in 1H2022.

    Asia | 08 Sep 2023
  • Senegal: Insurers form oil & gas risk pool

    Insurance companies in Senegal have set up an "Oil & Gas Risks Insurance Pool" to unify their underwriting capacity in this specialty field and also to improve their negotiating power with the international reinsurance market.

    Africa | 21 Aug 2023
  • Premium rates hiked on fears of possible military action by China

    Lloyd's of London underwriters are leading insurers in raising rates and cutting the amount of cover they offer for risks involving Taiwan as concerns grow over possible military action by China, according to a Reuters report quoting industry sources with knowledge of the matter.

    China | 11 Aug 2023
  • Nigeria: Players rally to promote local insurance capacity

    The National Insurance Commission (NAICOM), the Nigerian Content Development Monitoring Board (NCDMB), Centre for Promotion of Private Enterprises (CPPE), oil and gas industry operators and insurance stakeholders have agreed to boost local insurance particularly in the oil and gas sector.

    Africa | 07 Aug 2023
  • South Africa: Kidnappers now target the middle class

    Kidnapping for ransom and extortion is on the rise in South Africa, and syndicates are no longer just targeting high-profile or wealthy individuals, according to data from the South African Police Service (SAPS).

    Africa | 31 Jul 2023
  • Nigeria: Oil & gas business grows in 1Q2023 but contribution falls

    The oil & gas insurance branch continued to contribute the biggest share to total non-life gross premiums in the first quarter of this year, according to the National Insurance Commission (NAICOM).

    Africa | 10 Jul 2023
  • Global product liability business boosts profits at Nissan's captive insurer

    Giant automaker Nissan Motor's captive insurance subsidiary Nissan Global Reinsurance (NGRe) shows an adequate operating performance that reflects its profitable results through the last decade, notes AM Best.

    Asia | 22 Jun 2023
  • Semiconductor shortage biggest supply chain risk

    The still continuing global shortage of semiconductors is perhaps the biggest supply chain risk of 2023 according to a new report by the insurer QBE. This problem sprouted after supply couldn't meet with demand during the pandemic.

    Asia Risk | 07 Jun 2023

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