South Africa
South African insurance industry resilient, says Fitch
New Fitch Ratings reports say that, while the operating environment in South Africa remains generally challenging, both the life and non-life insurance industries have...
S.African hospital reports ‘superbug’ outbreak
A South African outbreak of a multi-drug resistant "superbug" has been contained after it infected nine patients of whom three were still in quarantine,...
Absa Group : acquired Takaful South Africa
Absa Group has acquired Takafol South Africa, which is the only company offering Islamic insurance in South Africa. The transaction amount has not been...
Fitch affirms Chartis South Africa at IFS ‘AAA(zaf)’, outlook stable
Fitch Ratings has affirmed Chartis Life South Africa Limited's (Chartis Life SA) and Chartis South Africa Limited's (Chartis SA) National Insurer Financial Strength (IFS)...
DUAL expands geographical capability and moves to South Africa and Switzerland
Specialist underwriting agency DUAL Corporate Risks has received authorisation from Lloyd's to underwrite business domiciled in South Africa and Switzerland on a direct basis...
HSCB / Nedbank : South Africa regulators fear foreign control
HSBC is in exclusive talks to buy a controlling stake in Nedbank, South Africa's fourth-largest bank, from insurer Old Mutual. Yet rigid controls on...
Zurich UK discloses loss of data tape with customer information
The UK branch of Zurich Insurance plc (“Zurich UK”) announced today, that it has written to Zurich Private Clients, Zurich Special Risks and...
Swiss insurer Zurich loses 51,000 British customers data
Zurich Financial Services said it had called in auditors KPMG to investigate after details of 51,000 British customers were lost at a data storage...
