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Press Archive »

Gig economy participants must ensure they have the right insurance cover

Published: Fri, 24 Mar 17

Johannesburg: Technology is changing the way we work and relate to the world, bringing great opportunities for flexible employment and extra income. We live in a world where people value personalisation in all aspects of their lives and what is termed ‘the gig economy’ presents the opportunity to do just ...
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Allianz named ‘International Corporation of the Year’ in Africa

Published: Thu, 23 Mar 17

Allianz recognized for its outstanding growth in Africa African insurance market presents long-term growth potential MUNICH, ABIDJAN, JOHANNESBURG: At the 5th annual Africa CEO Forum held in Geneva March 20-21, Allianz received the ‘International Corporation of the Year’ award.   Coenraad ...
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Setting aside arbitrator’s award for going beyond the dispute

Published: Thu, 23 Mar 17

Patrick Bracher, Director Norton Rose Fulbright South Africa Inc. Arbitration clauses must be construed liberally to give effect to their essential purpose which is to resolve legal disputes arising from commercial relationships before privately agreed tribunals, instead of through the courts. When business people ...
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Failure of PI insured to report potential malpractice suit (US)

Published: Thu, 23 Mar 17

      Patrick Bracher, Director Norton Rose Fulbright South Africa Inc.   The question debated in a claim under a lawyers’ professional indemnity policy was whether the attorneys could have reasonably expected the underlying malpractice action and should have ...
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Understanding your cyber risk exposure and the insurance options available

Published: Thu, 23 Mar 17

By Ethan Pitts Camargue Underwriting Managers (Pty) Ltd The cyber risk facing the world today has never been greater. As more and more homes and businesses make the transition into the cyber realm, we find that cyber risk no longer only sits with the giant multinational corporations and financial institutions, ...
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Santam enhances structured solutions offering with RMB-SI acquisition

Published: Wed, 22 Mar 17

Cape Town: Santam announced in August 2016 that it had acquired 100% of RMB-SI Investments, a structured insurance business previously owned by Rand Merchant Investment Holdings. The deal received regulatory approval in February and became unconditional last week providing Santam with access to new clients and markets ...
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Twitter and hate speech policy

Published: Wed, 22 Mar 17

By Sinal Govender Norton Rose Fulbright South Africa Inc. This year seems to have started off in much the same way as 2016 ended. Celebrities, politicians, and everyday people have flocked to social media to provide their commentary on everything from global crises to envelope sagas. Towards the end of 2016, Twitter ...
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Liability insurance: who pays when an event is cancelled?

Published: Mon, 20 Mar 17

Costs for cycle tour cancellation can cause more than a spoke in the wheel   Cape Town: The recent cancellation of the 40thCape Town Cycle Tour was without a doubt a big disappointment for all involved and with the Absa Cape Epic mountain bike stage race having just kicked off, the spotlight is now focused ...
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Consumer experience and efficiencies: the core focus for the FSB’s transition to FSCA

Published: Mon, 20 Mar 17

            Advocate Dube Tshidi, Executive Officer at FSB                     It has been said many times that that the only constant is change. This rings true for the Financial ...
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Medical aid vs medical insurance – the demarcation regulations

Published: Mon, 20 Mar 17

After four years of consultation, the Treasury finally gazetted the demarcation regulations in December, ending years of uncertainty on the future of gap cover, hospital cash plans and primary healthcare policies. The issue at stake has been about where the line should be drawn (hence demarcation regulations) between ...
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No insurance for sexual assault suit against employer because not accidental (US)

Published: Mon, 20 Mar 17

      Patrick Bracher, Director Norton Rose Fulbright Suth Africa Inc.   A Maryland court has ruled that the insurer does not have to defend the operator of a rock-climbing gym in a lawsuit which alleged that it negligently failed to prevent two of its coaches from ...
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Santam fraud line lauded by the Ethics Institute of South Africa

Published: Thu, 16 Mar 17

CAPE TOWN: In a first for the insurance industry the Ethics Institute has recognised the efforts made by short-term insurer, Santam in curbing fraud and misconduct in the workplace. In this respect, the Santam Fraud Line has been awarded a Certificate of Assurance based on international Fraud Line best practice standards ...
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IIG Councillor of the year announced

Published: Wed, 15 Mar 17

Olivia Smith, IIG Councillor of the Year and Tracy McLaughlin, IIG Former president Johannesburg: The Insurance Institute of Gauteng (IIG) announced Olivia Smith as Councillor of the Year at their presidential inaugural event in Sandton on March 9, 2017. This is the second year in a row she receives the award ...
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R48 million to fight cross border crime in KZN

Published: Wed, 15 Mar 17

Pretoria: The KwaZulu-Natal Provincial Government has set aside an amount of R48 million to fight cross border crime, Premier Willies Mchunu announced on Tuesday. Premier Mchunu made the announcement during a visit by President Jacob Zuma in Umhlabuyalingana Local Municipality, in northern KwaZulu-Natal, as part of ...
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Principles of contract interpretation

Published: Wed, 15 Mar 17

      Patrick Bracher, Director Norton Rose Fulbright South Africa Inc.   Where parties signed a memorandum of understanding as an interim arrangement for ten months in anticipation of entering into a more comprehensive and lasting agreement the MOU was binding ...
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Cape town cycle tour cancellation highlights importance of Event Insurance

Published: Wed, 15 Mar 17

The cancellation of the 2017 Cape Town Cycle Tour due to the unforeseen strong winds serves as an important reminder to all local businesses about the importance of insuring events. According to Johannes du Plessis, legal advisor at RBS (Risk Benefit Solutions Pty Ltd), an authorised financial services ...
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Businesses turn to trade credit insurance to secure debtors book in a tough economy

Published: Tue, 14 Mar 17

With South Africa’s current economic and trade environment remaining constrained and unpredictable, businesses are increasingly recognising the benefits of trade credit insurance to protect their bottom line. Trade credit insurance protects a business against the risk of a buyer or debtor from defaulting on ...
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Mutual & Federal rebranding to Old Mutual

Published: Tue, 14 Mar 17

After extensive research and engagement with employees, brokers, advisers and customers, Mutual & Federal received regulatory and other approvals to change its brand to Old Mutual Insure. This will take effect from 5 June 2017. The rebrand will support the Old Mutual group's vision to become a fully ...
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How to save on your insurance

Published: Tue, 14 Mar 17

Car insurance is a grudge purchase but, with more than 10 million cars on the road in South Africa, it’s necessary. And as for insuring your house and everything that makes it a home… sadly, also critical. Yet many people worry about the protection itself because it comes hidden in pages of legal terms ...
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Allianz appoints Travel and Assistance Manager

Published: Mon, 13 Mar 17

        Sharon Molotlegi, Allianz Global Assistance         Johannesburg: Allianz Global Assistance has appointed Sharon Molotlegi as Travel and Assistance Manager effective February 1, 2017. Based in Johannesburg, Sharon brings significant ...
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