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Press Room (Page 6)

Press Archive »

Ship and cargo owners urged to protect themselves against major piracy risks

Published: Thu, 01 Mar 12

The recent piracy attack on the MV Free Goddess, a Greek-owned bulk carrier worth over $ 8 million, once again highlights the need for ship and cargo owners to safeguard both their assets and people through an effective risk management strategy. The increasing number and scope of pirate attacks particularly ...
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Changing landscape of the South African Short Term Insurance Market

Published: Thu, 01 Mar 12

By Tom Healy, Business Unit Manager, Knowledge Centre, Marsh Africa.   In South Africa, the short-term insurance market has seen the Broker space change significantly in 2011 with, most lately, Marsh acquiring Alexander ...
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Peter Gordon joins Grant Thornton as Head of Business Recovery Services

Published: Thu, 01 Mar 12

Grant Thornton is pleased to announce the appointment of Peter Gordon as the Head of Business Recovery Services in Grant Thornton’s Advisory division based in Johannesburg, effective 1 January 2012. Peter is a chartered accountant who has extensive experience in the field of project financing, financial ...
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Advisers at risk of losing businesses by failing to take RE Exam

Published: Wed, 29 Feb 12

The extended deadline for the FSB’s Level 1 Regulatory Examination is now just four months away, yet according to recent reports the majority of financial advisers are yet to take the exam, placing them at risk of losing their licence if they fail to do so in time. This is according to Clint Harker, ...
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Santam reports another strong underwriting performance and a further special dividend despite volatile investment markets

Published: Tue, 28 Feb 12

SANTAM, South Africa’s largest short-term insurer, today reported strong underwriting results for 2011 while also achieving a 12 percent growth in gross written premium. Underwriting results were almost on par with the outstanding results achieved in 2010. Investment results however were negatively impacted ...
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Simple home maintenance tips may prevent insurance repudiations

Published: Tue, 28 Feb 12

By Christelle Fourie, Managing Director of MUA Insurance Acceptances   It is often said that home is where the heart is, yet most people unconsciously overlook important aspects of home maintenance without realising that this could have serious insurance repercussions. Homeowners who fail to maintain ...
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Consumers urged not to fall into trap of in-house insurance policies with bonded properties

Published: Tue, 28 Feb 12

When new homeowners purchase their property it is a requirement to have appropriate insurance in place to protect the lender’s investment should extensive damage be caused to the asset. However, a number of lenders are increasingly using this requirement to push their own insurance products, thereby barring ...
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Is your business at risk of being sued as a result of the CPA?

Published: Tue, 28 Feb 12

Changes due to the Consumer Protection Act (CPA), which have had an impact on most businesses, has resulted in commercial insurance policies being amended to protect clients from exposure to litigation as a result of the products and services they supply. This is according to Rachel Roberts, Commercial Technical ...
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Comment on liquidation statistics

Published: Tue, 28 Feb 12

By Luke Doig, Senior Economist, Credit Guarantee Insurance Corporation   The reported 36. 1% year-on-year fall in official closures of companies and CCs in January 2012 must be seen in the context of a normal slow administrative start to the year. We see this occurrence regularly as the courts take time to ...
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No insurance for the fast and the furious

Published: Sun, 26 Feb 12

During a recent televised expose on illegal street racing it was suggested that certain roads be closed off at specific times to allow drag racers to legally race in the presence of traffic authorities and paramedics. According to Angelo Haggiyannes, spokesperson for Auto & General Insurance, if this hazardous ...
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