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Willis brokered reinsurance for first African catastrophe insurance pool

Insurance and reinsurance brokerage Willis Group brokered the $55m of reinsurance protection that supports the first African parametric catastrophe insurance pool, which we announced the launch of yesterday by African Risk Capacity (ARC Ltd).Willis secured $55m of index-based reinsurance capacity from the international weather risk markets for the African catastrophe read the full article →

First African parametric catastrophe insurance pool launches

The first catastrophe insurance pool for African nations has been launched today by African Risk Capacity (ARC), a specialised agency set-up by the African Union to help member states become more resilient to extreme weather events and to protect food insecure populations.The catastrophe insurance pool has been established to enable read the full article →

Microinsurance beginning to show huge potential for growth

Microinsurance is beginning to show the potential for growth that market participants and commentators have been predicting. At the heart of that growth is the provision of weather index linked insurance to farmers and businesses in developing countries.The managing director of Africa Reinsurance Company Limited, Nigeria, Bakary Kamara, stated last read the full article →