Russell Parker Retires from Klapton Following 3 years of highly valued service, Russell has announced his retirement from Klapton Insurance Company. Having initially served as Chairman of the Maritime Sureties Committee, where he was instrumental in the development and marketing of our Maritime Residual Value Insurance products, Russell was subsequently appointed as the Chairman of […]
Klapton’s Sanctions Warning
General: We comply with the sanction restrictions and prohibitions published under United Nations resolutions or the trade or economic sanctions, laws or regulations of the European Union, United Kingdom or the United States of America (“The Sanctions”). The Sanctions may apply to countries, authorities, companies, and individuals. The Sanctions mean that no (re)insurer shall […]
Klapton change in business and introducing Klapton Re
As part of the continuous evolution of Klapton Insurance Company Limited’s business model, the Board have decided to refocus Klapton’s activity on the sureties and guarantees business, together with developing our digital platform in core markets. Therefore from 1 October 2021 for the African business and 1 January 2022 for Asia, Middle East and Latin […]
Klapton continues success story into Q3 2021
Rob Bygrave, the CFO of Klapton, announced that Klapton continued to build on the strong start in H1 2021 with further growth in Q3 2021. GWP for the year now exceeds €30m, which means that at this stage in 2021 we have already beaten the premium written for the whole of 2020. The largest contributor […]
Jennifer Estrougo appointed Head of Claims with important information for new claims
Jennifer Estrougo, Adv. Head of Claims The board of Klapton Insurance Company Ltd has the great pleasure to announce the appointment of Jennifer Estrougo as Head of Claims. Jennifer is a certified attorney by the Israeli BAR association. Prior to joining Klapton Insurance Company, Jennifer has worked for both Howden Insurance Brokers and the Kennedys […]
3rd quarter news from Klapton’s Sureties Unit
Steven Gweth and Stalla Shyalama join the sureties team, plus Contemi signed to deliver new sureties system During the 3rd quarter the Sureties Unit was pleased to complete the recruitment of 2 new team members, Steven Gweth and Stella Shyalama. Steven and Stella have significant experience in the financial industry and both have strong banking […]
Warning – IRA GLASSER
It has come to our attention that documents falsely purporting to have been issued by Klapton Insurance Company Limited and purporting to bear my name and signature are being circulated in the United States of America as a fraudulent scheme to extract payments from third parties seeking to obtain surety cover in the United States […]
Klapton targets Sureties Growth
Through its extensive experience in providing Sureties to markets across the globe, with particular involvement in Africa, Asia and the Middle East and its agile, solutions-based approach, Klapton has established a Sureties business which is already highly regarded by a wide network of brokers, cedents, insurers and reinsurers. Since actively entering the Sureties market in […]
Klapton improves investment grade international scale credit rating with Bloomfield
Rob Bygrave, the CFO of Klapton confirms that Bloomfield Investment Corporation have increased the international scale short term rating of Klapton from A1- (stable) to A1- (positive). The long-term rating remains at BB stable. Both ratings are at investment grade level. Within their report, Bloomfield highlighted several factors which affected their decision to improve the […]
Klapton approves 2020 Financial Statements
Rob Bygrave, the CFO, confirmed that on 2nd July 2021, the Board of Klapton approved the 2020 Financial Statements after the conclusion of the audit by SECC, a leading West African audit firm. Mr Bygrave said it was a testament to the strong procedures and controls implemented in the Klapton Finance Team, which enabled the […]