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News
Africa Re posts $664.8m insurance revenue as claims rise
3+ week, 15+ hour ago (397+ words) The African Reinsurance Corporation recorded an 8.5 per cent year-on-year increase in insurance service...Africa Re said its retrocession programme helped cushion the impact of the claims, as recoveries from...Africa Re also benefited from a more supportive interest rate environment,…...
Africa Re posts $101.7m insurance service result despite heavier claims burden
3+ week, 23+ hour ago (649+ words) The African Reinsurance Corporation (Africa Re) recorded an 8.5 percent increase in Insurance Service...Africa Re said the performance reflected broad-based growth across its business, supported by new business...According to Africa Re, the protection provided by its retrocession arrangements helped…...
Why South Africa’s renewable energy boom demands a new approach to insurance
2+ week, 11+ hour ago (334+ words) South Africa’s renewable energy sector has evolved into one of the country’s most significant areas of...McGill and Partners to launch Protea Green, a specialist insurance solution developed with South Africa...As South Africa continues expanding its renewable energy…...
Insurers challenged to rethink profitability as foreign players dominate lucrative markets
3+ week, 13+ hour ago (509+ words) Kenyan-based reinsurer-Kenya Re has challenged African insurance companies to rethink their business...Kenya Re Group managing director Hillary Wachinga said African insurers need to focus more sharply on...Wachinga said foreign companies have increasingly entered African markets, identified profitable opportunities......
Strong Underwriting and Investment Gains Push Britam’s Half-Year Pre-Tax Profit Up by 52%
2+ week, 1+ day ago (566+ words) remaining focused on our purpose of safeguarding the dreams and aspirations of our customers across Africa...strength: Britam continued to strengthen its brand position, ranking as the 8th strongest brand in Africa...Britam was named the 2026 AIO Hall of Fame Award…...
Behind the rewards, a much bigger Vitality business
1+ week, 6+ hour ago (1387+ words) In June 2026, Vitality covered 3.46 million lives in South Africa across Vitality Health, Vitality Drive...Outside South Africa, VitalityHealth in the United Kingdom covered 1.08 million lives and VitalityLife...In South Africa, Discovery Vitality receives monthly contributions from Discovery Health Medical Scheme...
Sanlam Reports R224bn in New Business
4+ day, 5+ hour ago (374+ words) strong underlying new business growth and net client cash flows, reflecting growth across all its African...This growth was largely offset by severe weather-related claims and large loss events in both South Africa...and significant parts of the African continent.......
ASR upgraded to A3 by Moody’s
1+ week, 5+ day ago (274+ words) Moody’s Ratings has upgraded Africa Specialty Risks’ insurance financial strength rating to A3 from Baa1...Ms Hilton said ASR is now the second largest African-focused reinsurer, adding that she looked forward...Moody’s has also recognised ASR Re’s increasing relevance and market…...
AFC launches captive subsidiary
1+ week, 5+ day ago (271+ words) Africa Finance Corporation (AFC), an infrastructure solutions provider headquartered in Lagos, Nigeria...management capabilities and support the continued growth of its infrastructure financing activities across Africa...insurance expertise and develop tailored risk-mitigation solutions for infrastructure investment across Africa...
Gooval Launches Shipping Secure Service in Partnership with Ping An P&C Insurance
4+ day, 14+ hour ago (314+ words) tax… By Ibrahim Yusuf Smith FREETOWN, Sierra Leone — A $20 million financing… By Ajong Mbapndah L Africa...States is… By Boris Esono Nwenfor WOTUTU-EWONGO, PAV – For a community that has… By Ajong Mbapndah L Africa...Zimbabwe’s Under-12 tennis teams returned from…...