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 […]
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 […]
Container Crunch
As the world emerges from the Covid crisis and businesses large and small ramp up their operations, bottlenecks are starting to appear as demand for imported raw materials and goods far outstrips availability and supply. The construction sector is a case in point where the supply chain has all but broken down in some instances […]
Sureties Market Outlook
Sureties products are essential tools used to support of trade throughout the world. They are used to provide comfort in situations where one party is not comfortable with the size / market standing / operation of a potential counterparty this it is looking to establish a relationship with. While this can occur in domestic settings […]