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Fitch affirms ratings of Vale SA’s captive
17 August 2023
South Africa Reporter Frances Jones

Fitch Ratings has affirmed MIL insurer financial strength rating at 'BBB'

UK Insurtech Yulife introduces services to South Africa
18 April 2023
South Africa Reporter Frances Jones

UK-based insurtech firm YuLife has launched its group life insurance in South Africa, after launching its financial services product in the UK and the US

South Africa’s Prudential Authority fines energy captive
14 April 2023
South Africa Reporter Frances Jones

South Africa’s Prudential Authority has fined energy captive Escap SOC R5 million for breaching section 167(1) of the Financial Sector Regulation Act 9 of 2017

Capitec Life granted life insurance business license
05 October 2022
South Africa Reporter Lucy Carter

Capitec Life will underwrite the bank’s credit life and funeral policies, replacing the two current cell captive insurers

IQ-EQ appoints Shaun Geils as global head of insurance
22 August 2022
Mauritius Reporter Lucy Carter

Based in Mauritius, Geils will lead the IQ-EQ insurance team while expanding the range of insurance solutions that the company offers

GCAC reveals intent for cannabis cell captive stake
27 January 2022
South Africa Reporter Rebecca Delaney

Global Cannabis Applications Corp has signed a letter of intent to acquire 33 per cent of Blue Anchor Risk Solutions’ cell captive insurance company focused on cannabis growth operations in South Africa

South African authorities clarify captive definitions and licensing
02 September 2021
South Africa Reporter Rebecca Delaney

The Financial Sector Conduct Authority and Prudential Authority of South Africa have released a joint guidance notice concerning the application of sections 5(1) and 5(2) of the Insurance Act

Guardrisk granted South Africa’s first micro-insurance cell captive licence
21 April 2021
South Africa Reporter Maria Ward-Brennan

Guardrisk, South Africa’s largest cell captive insurer, has been granted South Africa’s first micro-insurance cell captive licence by the Financial Sector Prudential Authority

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