The marketing of Klapton’s Maritime Sureties offerings continued apace during 2020, targeting the international maritime sector and Klapton’s established African business regions. Our maritime specialists worked closely with Klapton Reinsurance Brokers Limited colleagues in Nairobi (“KRB”) to raise awareness in the East Africa nations during the past year and will do likewise with the new […]
Getting to grips with contractual versus delictual liability
To get to grips with liability insurance you need a clear understanding of the difference between contractual liability and delictual liability. These legal terms for specific liability are also relevant to understanding the cover offered on insurance policies. Before I explain why, I will share the practical impact of these terms. Negligent loss or damage […]
The day after… how to build a hybrid organization policy?
Hybrid sounds like a buzzword to us but today it is already a concept that we all use a lot, both we as employees in our private lives, employers and organizations. What has happened to us in the past year and the hybrid life we have adopted is not just another buzz word but is […]
Update on the FCA Judgment on Business Interruption lockdown claims
The highly publicised legal dispute between British insured and the Financial Conduct Authority concerning whether insurers will be forced to indemnify policyholders for business interruption losses suffered as a result of the various government-imposed lockdowns has now finally been settled by the UK Supreme Court. They upheld the original judgment of the UK high court […]
Claims and Market Summary for Africa and Asia
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…
Case Study of Maritime Residual Value Guarantee
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.
Shany Medina appointed Chairman of the Ethics, Nominations and Remuneration Committee (ENR)
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 […]
Business Interruption claims as a result of Covid 19 lockdowns in South Africa
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 […]
Tali Marienberg appointed to the board as Chief Operating Officer (COO)
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 […]
Klapton approves 2019 Financial Statements
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 […]