Mamadou Faye to run for FANAF presidency

Published on September 23, 2025
(Mamadou Faye FANAF) Mamadou Faye, a seasoned insurance executive with 36 years of experience, has announced his candidacy for the presidency of the Federation of African National Insurance Companies (FANAF).Mr. Faye is a trained engineer and statistician.
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AXA Assurance Maroc finalise la cession d’AXA Crédit à Stellantis

September 23, 2025
(AXA) AXA Assurance Maroc has completed the sale of an 80% stake in its consumer credit subsidiary, AXA Crédit. The buyer is Fidis, a company fully owned by the multinational automotive group Stellantis. AXA Assurance Maroc will retain a 20% stake in AXA Crédit.The deal also includes a partnership agreement between the two groups.

US P&C insurers boost profitability in H1’25 despite cat losses: Moody’s

September 23, 2025
Moody’s Ratings, the credit rating agency and research firm, reported that US property and casualty insurers delivered stronger profitability in the first half of 2025, even as California wildfires in the first quarter drove substantial catastrophe losses.According to Moody’s, a representative sample of 20 rated insurers posted net income of $27.0 billion for the period, a 13% increase compared wi