Psychologists have written volumes about the contrasting emotions of fear and hope and how the dissipation of one will lead to the enhancement of the other. What is currently transpiring in European politics is a great example of this phenomenon. Europeans are generally fearful of the impact of fiscal discipline and budgetary prudence. It implies …. »
SCOR records net income of EUR 104 million in the 1st quarter 2012, confirming the dynamism of its franchise SCOR Global Life Embedded Value grows by 50% to EUR 3.3 billion. Gross written premiums at EUR 2,327 million, up 13.2% on a pro forma basis (+39.8% on a published basis) under the combined impact of very …. »
The Fiduciary Institute of South Africa (FISA) has elected a new Council following the introduction of a new constitution on 2 December 2011. The new Council members are: National Chairperson: Angélique Visser Deputy Chairperson: Graham McPherson Secretary: Aaron Roup Eastern Cape Regional Councillor: Wanda Visser Free State Regional Councillor: Gudrun Boshoff Gauteng Regional Councillor: Cheryl …. »
The world’s leading insurance specialist, Lloyd’s of London, has successfully established itself not just as a company, but rather as a market where members join together as syndicates to insure risks. A loyal partner to Lloyds, South African-based, Camargue Underwriting Managers, recently sent two promising underwriters to London, where they were exposed to the systems …. »
Swiss Re obtains USD 400 million in natural catastrophe protection through bonds issued by Mythen Ltd, a new catastrophe bond programme. Swiss Re Ltd. secures USD 400 million in natural catastrophe coverage through a newly-formed issuer Mythen Ltd., a flexible programme that allows Swiss Re to cede wind risks in both the United States and …. »
Guests representing the spectrum of the insurance industry gathered at the Randpark Golf Club on the evening of 3 May and were warmly welcomed by local Chairman, Graeme Fraser. He reminded his audience of the upcoming FIA functions: the Breakfast and AGM on 30 May, and the highly-anticipated FIA Awards on 7 June at the …. »
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc (NYSE:AON), released the latest edition of its Global Catastrophe Recap report, which reviews the natural disaster perils that occurred worldwide during April. Published by Impact Forecasting, the firm’s catastrophe model development center of excellence, the report reveals that a series of severe weather …. »
Masthead recently welcomed PPS as its newest financial services partner and has thereby grown the range of products that Masthead’s independent financial advisor members can offer their clients. Following the successful results of a due diligence by Masthead, PPS joins Masthead’s 11 other product partners that include Old Mutual, Sanlam, Liberty Life and FMI. “We …. »
Broker partners of Medshield Distribution Services will shortly be able to offer quotes for short-term insurance cover to their clients. Direct clients of Medshield will also be able to obtain quotes through their regional Medshield office. This will follow the roll-out of the new BetterQuote Comparative Quoting Platform to these brokers and offices to enable …. »