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Swiss Re reports strong net income of USD 3.0 billion for the first nine months of 2016; to start share buy-back programme

03 November 2016 | Swiss Re

• Group net income strong at USD 3.0 billion, supported by solid underwriting and strong investment results; all Business Units contributed to the result • Property & Casualty Reinsurance net income USD 1.5 billion; ROE of 16.1% • Life & Health Reinsurance net income USD 635 million; ROE of 12.5% • Corporate Solutions net income USD 150 million; ROE of 8.6% • Life Capital net income USD 726 million; USD 364 million gross cash generation and ROE of 14.5% • Swiss Re will start public share buy-back programme on 4 November 2016

Finance Minister Pravin Gordhan: Focusing on growth and moving away from an individualistic culture

02 November 2016 | Discovery

After receiving a standing ovation at the Johannesburg Stock Exchange (JSE), Finance Minister Pravin Gordhan addressed the assembled crowd of CEOs and business executives, and shared some insights on the state of the economy.

Mutual & Federal scoops ‘Best Insurer” of 2016

31 October 2016 | Old Mutual Insure (was Mutual & Federal)

Leading short-term insurance company, Mutual & Federal was awarded not one, but two wins at the SA Motor Body Repair Association (SAMBRA) Annual Awards Breakfast. This prestigious industry event, held on 28 October 2016, honoured Mutual & Federal with first place in the ‘Best Insurer Award’ category, and was recognised as the ‘Most Efficient Insurer’.

Swiss Re reinsures Guangdong, China's most populated economic hub, against natural disaster risk; Typhoon Haima triggers first payout

28 October 2016 | Swiss Re

• Pilot insurance programme covers Guangdong province against losses of up to USD 350 million from tropical cyclone and excessive rainfall • Guangdong, which is heavily exposed to natural disasters, is responsible for over USD 1 trillion of China's GDP • Innovative insurance uses meteorological data to allow faster payouts; super-typhoon Haima triggered first payout to the city of Shanwei less than a week after the disaster struck • Pilot was developed in response to the Chinese Central Government's imperative of building a natural catastrophe insurance system • This is one of the two largest natural disaster protection schemes ever established in China; with Guangdong closely following the one for Heilongjiang province announced in early August 2016

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Cartrack maintains subscriber, revenue and earnings growth

27 October 2016 | General

EasyEquities wins big worldwide

27 October 2016 | General

Global Credit Ratings upgrades credit rating announcement : Investec Bank Limited’s rating to AA(ZA)

21 October 2016 | General

Santam enters into agreement with Munich Reinsurance Company of Africa Limited to support growth outside South Africa

21 October 2016 | Santam

Firstrand reviews its operations in India

20 October 2016 | FirstRand

Liberty concludes two more short-term insurance transactions in sub-Saharan Africa

19 October 2016 | Liberty

FNB Life now one of the biggest insurance players in SA

19 October 2016 | General

In the struggle for survival the fittest survive

19 October 2016 | Camargue Underwriting Managers

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