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‘You’re fired.’ They are some of the most dreaded words, especially on the local TV hit The Insurance Apprentice – a gruelling national competition that sees the brightest young minds in the insurance industry compete in a succession of recorded challenges. Fortunately, Kabelo Paile, Relationship Manager at Santam, did not hear these words and won the 2017 season of The Insurance Apprentice.
Baker McKenzie's Banking and Finance team advised the lenders, led by Bank of America Merrill Lynch International limited and Commerzbank Aktiengesellschaft on a US$ 600m syndicated loan facility to Investec Bank Limited, the South African subsidiary of Investec Limited. In an overwhelmingly successful syndication, Investec attracted over USD 700m of commitments from 30 lenders.
•Insurance has grown rapidly in emerging markets but there are still significant protection gaps •Evidence-based research shows that insurance facilitates higher income-generating activity by households and small business, and can improve quality of life •Understanding the heterogeneity and barriers to insurance in emerging markets supports establishment of effective risk transfer systems •Innovation, technology and public-private partnerships can extend the reach and of insurance in emerging markets
• Demand for new solutions beyond traditional core reinsurance business continues to grow; Swiss Re continues to deliver solutions that meet clients' needs • New technology enables solutions across multiple lines of business and the value chain; Swiss Re is a founding member of insurance industry blockchain initiative B3i • Swiss Re expects prices to stabilise due to recent loss events
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?