In The News today: S&P affirms Lloyd’s A+ rating and revises outlook to stable, Willis-backed insurtech Innovisk launches M&A MGA Themis, FMI named as KZN’s Top Financial Services Business and Munich Re launches LIMA programme

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S&P affirms Lloyd’s A+ rating and revises outlook to stable

Standard & Poor’s (S&P), the rating agency, has today affirmed Lloyd’s financial strength rating of A+ and revised its outlook from negative to stable.  READ MORE

Willis-backed insurtech Innovisk launches M&A MGA Themis

Innovisk Capital Partners, a London-based global insurtech start-up, has unveiled a new underwriting agency, called Themis, focussing on the provision of mergers and acquisitions (M&A) insurance solutions. Innovisk was launched in June 2018 by former Acappella CEO David Thomas, with capital backing from Willis Towers Watson.  READ MORE

FMI named as KZN’s Top Financial Services Business for a second year running

Life insurer FMI, a division of Bidvest Life, has been named as the Top Business in the Financial Services sector for the second successive year at the 2019 KZN Top Business Awards ceremony. The awards celebrate local brands that have grown within the KZN community and contribute to the province’s continued success.  READ MORE

Six-fold leap in insurance claims as trucks torched across the country

Insurance claims linked to violence against trucking companies have risen more than six-fold in the first part of the year compared to a year ago. Claims lodged by trucking companies insured with Hollard totalled R4.2m between December 2017 and May 2018, but increased to R27m in the same period ending May 2019.  READ MORE

Munich Re launches LIMA programme ‘to cultivate’ future insurance leaders

Munich Re of Africa (MRoA) launches an innovative leadership development programme which aims to train future-proof insurance practitioners to ensure that the insurance and reinsurance industry remains relevant into the future. The LIMA acronym is derived from Africa’s Nguni languages, where ‘LIMA’ translates as ‘to cultivate’ and stands for Leadership Inspiring Mutual Advancement.  READ MORE