Kenya Re?”s new subsidiary in Kampala will be operational by the end of 2019. The objective is to become one of the leaders on the Ugandan insurance market currently dominated by Uganda Re, Zep Re and Africa Re. Since Uganda, Tanzania and Ethiopia set up their own reinsurance company, Kenya Re is facing stiffer competition […]
Hatem Amira was appointed Executive Director of the Tunisian Federation of Insurance Companies (FTUSA), effective April 2020. A graduate of the Faculty of Juridical and Political Sciences of Tunis, H. Amira began his career in 1993 as head of department at COMAR Assurances and HAYETT. In 2006, he joined Assurances BIAT where he held the […]
The results for the first half of 2018 show a 10.83% increase in gross written premiums of the African Reinsurance leader, Africa Re, which rose from 372.35 million USD in June 2017 to 412.68 million USD in June 2018. The good renewal of South African reinsurance treaties associated with the various increases in participation in […]
Having met all legal and regulatory requirements, Equity Assurance Plc has notified the general public that its name has officially changed to Sunu Assurances Nigeria Plc. SUNU Assurances Nigeria Plc is a member of SUNU Group and has the vision to be a leading African insurance company. The company cleared any ambiguity about its name […]
The third edition of the AIO NEWSLETTER has been released. This edition focuses on the achievements of an icon of the African insurance industry, Rajni Varia who recently won the inaugural edition of the Vanguard Market Development Award, established by the International Insurance Society, IIS. According to the IIS Honours Committee, the award recognises those […]
Mr. Tope Smart, Chairman, Nigerian Insurers Association (NIA) has lamented that only about one (1) percent of Nigerians have any form of insurance policy despite the country?”s huge population of 180 million. Smart, who is also the Group Managing Director/CEO of NEM Insurance Plc, said at his investiture: ?SIn Nigeria, it is rather sad to […]
Waica Re, the Sierra Leonean reinsurer that has recently established a group structure, plans to increase its share capital from 64 million USD to 100 million USD. This transaction, carried out in six instalments, will allow Waica Re to strengthen its shareholder?”s equity. The reinsurer will thus be able to position itself on major risks, […]
Signing of a Memorandum of Understanding between the Central Bank of Congo and the Insurance Regulation and Control Authority. memorandum: https://www.african-insurance.org/content/uploads/2020/05/memorandum.pdf
The Insurance and Pensions Commission (IPEC) is in favor of the adoption of three draft bills by the Zimbabwean parliament in order to harmonize local laws with international standards. The proposed legislation in question refers to: 1. The pension and provident Act 2. The insurance Act 3. Amendments of the Insurance Commission Act According […]
AIICO Insurance Plc (??the Company?”) is pleased to announce the appointment of Mr. Babatunde Fajemirokun as the ?SManaging Director/Chief Executive Officer?? with effect from August 14, 2019.This appointment has been approved by the National Insurance Commission. Prior to this appointment, Mr. Edwin Igbiti was the Managing Director/Chief Executive Officer of the Company. He retired on […]
