In the news today: Reinsurance renewals are muted despite high catastrophe losses, the WEF identifies geopolitical and geo-economic tensions as the most urgent risk in 2019, and Swiss Re hints that Nigeria’s insurance sector could grow faster than the nation’s economy


Reinsurance renewals muted despite high catastrophe losses

The impact of catastrophe losses on property rates was muted at the 1 January 2019 reinsurance renewals. However, the fourth-highest annual catastrophe loss year on record has raised some questions.  READ MORE

Geopolitical and geo-economic tensions “most urgent risk” in 2019: WEF

The World Economic Forum’s Global Risks Report 2019 shows that 90% of experts expect further economic confrontation between major powers in 2019.  READ MORE

Nigeria’s insurance sector growing faster than economy?

A recent Swiss Re report indicates that the sector could grow faster than the nation’s economy, with premiums forecast to rise by around 4% in 2019. It remains an underdeveloped sector compared to its peers on the continent, however.  READ MORE

Wall Street makes $100 billion for the first time

The six biggest US banks recorded a record profit in 2018, pulling in a total of $100 billion.  READ MORE

Two more Alexander Forbes executives resign

Since the axing of CEO Andrew Darfoor last year, two more executives have resigned – but CEO Dawie de Villiers says the group’s turnaround strategy should halt the share-price decline.  READ MORE