Reinsurance

Continental Re: the results are in

Continental Reinsurance Plc has announced its second quarter 2014 results. Commenting on the results, Dr Femi Oyetunji, Group CEO of Continental Reinsurance Plc said:  “We have had a successful half year in which we have seen volume growth from our regional offices contributing positively to the Group’s market share across our chosen markets in line with our strategy…”
AfricaReinsurance

Continental Re reaches targets

Continental Reinsurance Plc has announced its first quarter 2014 results. Commenting on the performance, Dr Femi Oyetunji, MD and CEO of Continental Reinsurance Plc said: “I am confident of the continued growth of our business. Our recent expansion of the company’s footprint into Northern and Southern Africa as well as in new product lines will help us to drive growth and build shareholder value.”
Hot newsReinsuranceRisk Management

IIG hosts first Insights Seminar for 2014

The Insurance Institute of Gauteng held their first IIG Insights Seminar for 2014 on Thursday, 10 July. The seminar addressed the issue of complex claims and learning from large losses. The topic was unpacked from all angles, and we heard from insurers, lawyers and reinsurers. Speakers for the day included: Sedick Isaac, Tony Hardie, Christopher MacRoberts, Deniro Pillay, and Bonny Steyn and Cleaver Warikandwa.
Reinsurance

Swiss Re Investors’ Day 2014

With the current strategy delivering consistently strong results over the last three years, Swiss Re remains fully committed to its 2011 to 2015 financial targets. At its annual Investors’ Day in London on 3 July 2014, Swiss Re provided a detailed update on the strategic initiatives which are the building blocks to its success – for example, by focusing on underwriting excellence, combined with R&D and capital strength.
Hot newsReinsuranceResearch and Surveys

Global life premium growth slows in 2013

Swiss Re sigma study on world insurance in 2013 says premium growth slowed largely due to weak life sales in advanced markets. Total premium growth slowed to 1,4% in real terms in 2013 from 2,5% in 2012; overall profitability improved. Unless otherwise stated, premium growth rates indicate changes in real terms.
Reinsurance

Insuring the 2014 Soccer World Cup

Nowadays, insurance policies to cover this situation are indispensable. It can prove very costly if a large sporting event is unable to be held as planned, or in a worst-case scenario, if it has to be cancelled altogether. Television channels demand their money back for transmission rights, sponsors for advertising, and visitors for tickets. Andrew Duxbury, a Munich Re expert on the insurance of major events, explains.
AfricaReinsurance

Bring the diaspora back to Africa

Continental Reinsurance Plc in Abidjan, Lagos, recently announced the appointment of Ibrahima Ndoye as the Regional Director for Cote d’Ivoire. Ndoye has an in-depth understanding of the Cote d’Ivoire market, its local risks and local market needs to leverage and support the country’s notable economic growth. According to the African Development Bank (AfDB) Cote d’Ivoire’s GDP is forecast to grow at 9,8% in 2014.