Shay Reches, the CEO of Klapton, is pleased to confirm that Sir Bernard Zissman has agreed to rejoin the Board as Chairman. Mr Reches said that Sir Bernard had previously served this position from 2018 to 2022 and had made a valuable contribution to the Company, but had stepped down whilst Klapton had gone through […]
Klapton’s Board approve the 2022 Financial Statements
Rob Bygrave, the CFO of Klapton, confirmed that the 2022 Financial Statements had been approved by the Board. This was after the finalization of the audit by SECC, a leading West African audit firm and their issuance of a clean audit report. Mr Bygrave commented that the results reflected the expected fall in Gross Written […]
Klapton Insurance Company Limited – Improving branding and preparing for the future
As part of the continuous evolution of Klapton Insurance Company Limited’s business model, we decided to emphasise the difference between Klapton Insurance Company Ltd and Klapton Reinsurance Ltd (“KlaptonRe”). Therefore, we are adding our initials to our logo – KIC, and introducing a revised logo, still showing Klapton – but keeping our uniqueness: KIC will […]
Russell Parker Retires from Klapton
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 […]
Tightening of policy wordings… likely in the future?
There have been two crucial ‘black swan events’, within the last two years, which will force commercial insurers to re-look at their cover limits and exclusions carefully, as well as the message that these events delivered. We cannot think that because the wordings and covers have worked well until now that they are adequate and […]