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Allianz appoints Africa Head of Property, Energy and ConstructionPublished: Wed, 25 Mar 20 Robert Ter Morshuizen has been appointed Head of Property, Energy and Construction effective from April 1, 2020 reporting to Allianz Global Corporate & Specialty (AGCS) Africa CEO Thusang Mahlangu, Global Head of Engineering and Construction at AGCS Chris van Gend and AGCS Global Head of Property Thierry Portevin ...
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Covid-19 and insurance claimsPublished: Thu, 19 Mar 20 If you haven’t already dusted off the business interruption, liability and event cancellation policies you have underwritten, or placed for an insured, and checked for coronavirus coverage, now is the time to do so.
Exposure and benefits of both business interruption coverage (covering the insureds ...
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Cyber risk during COVID-19 outbreakPublished: Thu, 19 Mar 20 A common response by businesses to the spread of COVID-19 has been to implement measures that require social distancing and remote working. To ensure business continuity, some of these measures rely on the availability of technology like VPN access, as well as the use of online platforms to hold team meetings, client ...
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Cyber Risk Implications of the Coronavirus OutbreakPublished: Wed, 18 Mar 20 The outbreak of COVID-19 has caused significant disruption to businesses and a degree of panic within the employee community. Companies across the globe are activating contingency and business continuity plans and are allowing employees to work from home to limit the spread of the virus. In a new reality where millions ...
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The importance of business continuity during the coronavirus shutdownPublished: Tue, 17 Mar 20 Johannesburg, 17 March 20: Following Sunday evening’s far-reaching presidential address, the reality of dealing with COVID-19 has finally hit home to South Africans. With the country going into a shutdown as travel bans are imposed, schools closed and large gatherings prohibited, businesses across industry sectors ...
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POSTPONEMENT NOTICE: SAIA BREAKFAST SESSION 2020Published: Mon, 16 Mar 20 Following the national disaster declaration made by the President of South Africa, Mr Cyril Ramaphosa, on 15 March 2020 around the spread of the coronavirus, the South African Insurance Association (SAIA) has decided to postpone the SAIA Breakfast Session which was to be held on 19 March to a later date in May 2020 ...
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Allianz: 5 sustainability trends to watch for companiesPublished: Thu, 12 Mar 20 Companies can potentially face reputational damage or legal liabilities if they fail to appropriately manage environmental, social and governance (ESG) issues. Allianz Global Corporate & Specialty’s ESG team identified key trends to watch: climate change, water management, preserving biodiversity degradation ...
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Insurance Growth Report Balancing risk and reward 2020 - Part 1 / 3Published: Thu, 12 Mar 20 The outlook for the insurance industry is finely balanced. The green shoots of market hardening that appeared in 2018 appear to have taken root in 2019.
Losses from natural catastrophes were down. And innovative technologies that promise benefits across the entire re/insurance value chain are maturing. ...
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Coronavirus business interruption and supply chain impactPublished: Thu, 05 Mar 20 In addition to causing chaos in an increasing number of cities and countries around the world, the outbreak of the infectious disease poses a significant threat to corporates and their suppliers, given China’s role as the world’s manufacturing superpower. What are the major areas of disruption and how ...
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PAJA applies to s37C Pension Funds Act decisionsPublished: Tue, 03 Mar 20 Authored by Amina Yuda, Associate
In February the high court confirmed that the Promotion of Administrative Justice Act (“PAJA”) applies to section 37C decisions on the distribution of death benefits made by the boards of retirement funds under the Pension Funds Act. In Mbatha v Transnet Sector ...
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BUDGET 2020: THE RIGHT INTENT, BUT THE CHALLENGE REMAINS DAUNTINGPublished: Thu, 27 Feb 20 BY ARTHUR KAMP, CHIEF ECONOMIST AT SANLAM INVESTMENTS
Budget 2020 is the best we could have hoped for in difficult circumstances. In essence, it aims to constrain consumption spending relative to capital expenditure, while recognising that persistent tax increases are counter-productive and constrain growth. Budget ...
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South Africa’s National Budget Speech 2020: A fiscal surprisePublished: Wed, 26 Feb 20 South Africa’s Minister of Finance, Mr Tito Mboweni delivered a surprising budget for 2020/21 before Parliament today by opting not to increase tax rates, highlighting the fact that in the current economic environment, substantial increases are likely to be ineffective. The focus of the budget over the last ...
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COFACE SA: Shareholding evolutionPublished: Tue, 25 Feb 20 COFACE SA (“COFACE”) acknowledges the announcement made today by Natixis of its sale of
29. 5% of the share capital of COFACE to Arch Capital Group Ltd (“Arch”) as well as Arch’s affirmed support of COFACE’s current management and of its new 2023 strategic plan Build to Lead. ...
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