Category: Announcements

Klapton CEO, Shay Reches confirmed that Klapton had signed an agreement with David Jones-Cooper to provide consultancy service to develop the sureties and insurance business in the mining and gold trade industries. Mr Reches commented “Klapton is becoming increasingly involved in the sureties/insurance provision in these markets and David has considerable knowledge and contacts and […]

The OFA (Anjouan Offshore Finance Authority) has issued a permit to Klapton Insurance Company to issue a public offering of debentures. The Board said this now provides the capability for Klapton to consider raising capital via debenture issuance in the African market. This issuance is expected to be launched in 2017, dependent upon prevailing market […]

The FCA (the UK Financial Conduct Authority) published its final findings in regard to the Solicitors Professional Indemnity Scheme in 2011-3, which also involved the collapse of two insurers (European Risks Insurance Company – an Icelandic insurer and Millburn Insurance Company), and the cessation of operations of Balva (a Latvian insurer). Klapton, which acted as […]

Klapton announces with sympathy that Mr. Ian Avrecher, a founder member of the Company passed away on 28th November 2015. Mr. Avrecher worked tirelessly in the initial establishment of Klapton and had continued to act as a non-executive director and advisor to the Company until his passing. The Board would like to thank Mr. Avrecher […]

Klapton Insurance Company Limited concluded the regulatory audit of its 2014 financial statements by the OFA (Anjouan Offshore Finance Authority) and published its statements, after the final approval by Klapton’s board of directors. The Board is pleased to announce the 2014 results for Klapton which show both a profitable underwriting result and a net profit […]

Klapton Insurance Company Ltd has announced a new series of financial covers named “The Shield”. “The Shield” is described as a family of hedging covers, aimed to protect investors, and includes Relegation Insurance, Sport Clubs Owners Protection, Contract Cancellation, and more. For further details on these products please contact us at info@178.128.34.196. Klapton provides reinsurance […]

Shay Reches is pleased to state that Klapton has signed a working partnership with Adv, Nir Yadid as claims manager for Klapton’s Israeli claims portfolio. Mr Reches, the CEO of Klapton, commented “Adv. Nir Yadid has a wealth of experience in handling Israeli insurance claims and the Board are confident that he will be able […]

Klapton has concluded an agreement with The Quest Partnership, to provide claims consultancy services for Klapton, covering the global portfolio excluding Israel. Shay Reches commented “The Quest Partnership are an established claims company and what impressed the Board the most is that they take a niche approach to claims handling. The Board are convinced that […]

The Board has announced the 2013 results for Klapton which saw a fall in premium income from €48m to €32m. Primarily as a result of the EEA portfolio, the company recorded a net underwriting loss of €(3.9)m. The net loss of the year was €(9.5)m Despite this loss, Klapton maintains a strong capital case, with […]

Klapton has finalised an agreement with a UK IT services company to provide consultancy services regarding the IT infrastructure of Klapton. In addition to the day to day IT systems maintenance this encompasses the development of the website, online sales channels and social media promotion of Klapton and its brand. Mr Reches, the CEO of […]