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

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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