Sanlam acquires FBN Insurance

FBN Holdings, a Nigerian financial group, sold its entire stake of 65% in FBN Insurance, to Sanlam Emerging Markets. The latter previously held 35% of the Nigerian company. This operation enables the South African insurer to take full ownership of FBN Insurance and its subsidiary FBN General Insurance. The amount of the transaction was not […]

NAICOM Unveils New Capital Base for Insurers From Jan 1, 2019 ? Business Journal

The National Insurance Commission (NAICOM) has unveiled a new capital model for the insurance industry in Nigeria effective from January 1, 2019. The new risk-based capital structure is divided into three tiers depending on the risk appetite and capital capacity of each operator. Under the new capitalisation structure, life insurance firms need a capital level […]

Press Release ? Mr. Ntukamazina Jean Baptiste takes over as Secretary General of the African Insurance Organisation, AIO.

Press Release 16th September 2019 Douala, Cameroon Mr. Ntukamazina Jean Baptiste takes over as Secretary General of the African Insurance Organisation, AIO.   Mr. Ntukamazina Jean Baptiste has taken up duties as the new Secretary General of the African Insurance Organisation, AIO. He was appointed recently by the AIO?”s General Assembly during the 46th Conference […]

Gabon ? Andrew Gwodock elected President of the Fegasa

Andrew Gwodock, Managing Director of the country?”s lone reinsurance company, Société Commerciale Gabonaise de Réassurance (SCG-Ré) has been elected at the head of the Gabonese Federation of Insurance Companies (Fegasa) for a two year mandate. He succeeds the General Manager of Saham Assurance Gabon, Youssef Ben Abdallah.

Kenya Re willing to extend further globally

Kenya Reinsurance is willing to expand its business area and conquer new markets. The objective is to increase its revenues which are threatened by local and international competition. The target markets are mainly North Africa, the Middle East and Asia. New regional offices could also be opened in existing countries. The creation of State-owned reinsurance […]

4th Edition of the Africa Reinsurance Pulse ? Africa?”s reinsurers are concerned about lower profitability and an uncertain economic outlook

Zurich and Tunis, Tunisia, 30 September 2019 ? The mood among Africa?”s reinsurance executives has become more bearish as declining rates and rising claims weigh on the profitability of the African reinsurance markets with a current premium volume of roughly US$ 7.5 billion. While Africa?”s economies are still recovering from the commodity crisis of 2016, […]

24th African Reinsurance Forum

The 24th African Reinsurance Forum, co-organised by Fédération Tunisienne des Sociétés d?”Assurances (FTUSA) and la Société Tunisienne de Réassurance (Tunis Re), has ended in Tunis, Close to 400 delegates drawn from Africa and beyond brainstormed on the theme  « African (Re) Insurance Facing New Regulatory Challenges» It was the first AIO event attended by the […]

3rd Africa Reinsurance Pulse: Africa’s reinsurers with confidence as growth and profitability improve

Windhoek, Namibia, 1 October 2018 ? In the 3rd edition of the Africa Reinsurance Pulse, launched at today?”s 23rd African Reinsurance Forum in Windhoek, Namibia, the continent?”s reinsurance and brokerage executives interviewed for this year?”s survey predict rising rates and profitability on the back of rebounding original markets and a resurgent economy. Across Africa the International Monetary […]

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The African Insurance Organisation (AIO), established in 1972, is a non-governmental organisation recognised by many African governments.

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