Swiss Re chief economist, Thomas Hess, says that growth in the (re)insurance industry will continue to accelerate in 2011 and stresses that (re)insurance companies can gain a competitive edge through disciplined underwriting. Looking back at 2010, most insurance companies have restored their capital to pre-crisis levels. This favourable development applies to life and non-life insurers …. »
General Results from an African Reinsurance perspective over the past three years have been mixed with large market losses, evidenced in the South African mining sector and the beverage industry in Nigeria. Coupled with these unfortunate losses, the global financial crisis had a worse than expected effect on the African economy as the world recession …. »
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