Tanzania Reinsurance awarded AM Best ratings on strong results and balance sheet

Published on October 16, 2023
Tanzania Reinsurance Company's (TAN RE) operating performance is assessed as strong, with the company reporting a five-year (2018-2022) weighted average combined ratio of 91.2% and return on equity
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Africa Specialty Risks reinsurance unit receives 'Baa1' IFSR from Moody's

October 16, 2023
Africa Specialty Risks (ASR), the pan-African focused reinsurance group, has announced that Moody's Investors Service (Moody's) has assigned a 'Baa1' Long-Term Insurance Financial Strength Rating

South Africa: Non-life insurance market plunges into red ink in 2022

October 16, 2023
The loss after tax of the non-life insurance sector in South Africa stood at ZAR16.4bn ($863m) in 2022, a complete upset of the applecart when compared to the profit after tax (PAT) of ZAR13.1bn