South Africa: Govt looks into acquiring climate-related disaster insurance

Published on November 1, 2024
The South African government is exploring options for purchasing insurance for certain climate-related disaster events, where such a practice would not undermine Budget sustainability.
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Fairfax posts solid rise in GPW in Q3’24

November 1, 2024
In their financial results for the third quarter of 2024, Fairfax Financial Holdings has reported net earnings attributable to shareholders of $1,030.8 million, which compares to the $1,068.9 million seen in the third quarter of 2023.According to Fairfax, this figure primarily reflects increased adjusted operating income of $1,136.8 million and net gains on investments.Moreover, book value per bas

RiverStone closes Loss Portfolio Transfer deal with QBE

November 1, 2024
RiverStone International has completed a loss portfolio transfer reinsurance (LPT) with QBE after receiving all requisite approvals.Earlier in the year RiverStone had announced its agreement with QBE to provide a LPT for various QBE subsidiaries, including their Lloyd’s syndicates.According to the announcement, the LPT is effective July 1, 2024 and RiverStone International subsidiaries have assume