We have prepared a report detailing recent events in Africa and Asia which may be of interest.
Heavy rainfall led to extensive damage and humanitarian impacts across Somalia during the second half of June through July. Four people were killed. Among the hardest-hit areas came in the Shabelle River basin as nearly 200,000…
In June 2020, Klapton concluded the issuance of a Residual Value Guarantee Cover Note to a privately held ship owning entity. This briefing paper explains the bespoke nature of how the Cover was structured and has been drawn up as a means of assisting our partners, customers and readership in the understanding of the RVG product and its application in real asset investment proposals.
The board of Klapton Insurance Company Ltd is delighted to announce the appointment of Shany Medina as Chairman of the Ethics, Nominations and Remuneration Committee (ENR) with immediate effect. Shany is an experienced Talent acquisition leader with more than 15 years in developing and leading innovative talent acquisition teams. During her career, she has worked […]
Major court decisions underway in South Africa, Australia, and the United Kingdom Business Interruption is a section in a commercial policy (either standard commercial, assets, hospitality, or agriculture policies) that covers loss of profits or increased cost of working for a company as a result of an interruption caused to their business. Normally the interruption […]
The board of Klapton Insurance Company is delighted to announce in July the appointment of Tali Marienberg to their board as Chief Operating Officer (COO) to report to the shareholders, board and any other stakeholders on the CEO’s objectives and strategic goals of the business whilst at the same time taking note of board decisions […]
Rob Bygrave, the CFO of Klapton announced that that the 2019 Financial Statements have been approved by the Board. For the third consecutive year, SECC, a leading West African audit firm have issued a clean audit report in respect of these Financial Statements. Mr Bygrave stated that these Financial Statements reflect a significant, but expected […]
Klapton is pleased to announce the issuance of a new policy related to the maritime industry following the closing of a Residual Value Guarantee in favour of Sevenseas Holdings Inc. The company has been working closely with Sevenseas’ management for a number of months in crafting a bespoke policy and guarantee that protects the company’s […]
Pandemic redefines the commercial and legal risk landscape We are more than 60 days into the national lockdown and the number of infections in South Africa now exceeds 24 000. And we have only just transitioned from a situation where only essential service providers were permitted to operate, to a slightly softer lockdown under level […]
The board of Klapton Insurance Company is pleased to announce the appointment of Tali Marienberg as Chief Operating Officer (COO). Tali is an experienced litigator and has over 25 years of outstanding experience within the insurance industry, both handling insurance claims in courts and managing claims departments for state and public insurers as well as […]
Premium levels significantly exceeding both the forecast and 2019 Klapton reported a strong performance for Q1 2020, with premium levels significantly exceeding both the forecast and 2019. Gross written premium for the quarter was €6.0m, compared to the forecast of €3.9m and 2019 €1.8m. This growth has been achieved with important contributions across all regions […]