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Coface improves profit 21.9%

19 February 2015 | General

For the year ended 31 December 2014, international credit insurer Coface improved group turnover by 1.6% to euro 1.44 billion while the Mediterranean and Africa region increased turnover 6.7% to euro 226.5 million. Group operating income increased 21.9% to euro 140 million.

Swiss Re delivers strong 2014 net income of USD 3.5 billion; proposes CHF 4.25 regular, CHF 3.00 special dividend per share and a share buy-back of up to CHF 1.0 billion

19 February 2015 | Swiss Re

• Group net income USD 3.5 billion, supported by strong underwriting performance and investment results • Property & Casualty Reinsurance USD 3.6 billion net income on strong underwriting, benign natural catastrophe losses and net reserve releases; combined ratio of 83.7% • Life & Health Reinsurance USD 462 million loss reflecting previously announced management actions on pre-2004 US life business and the unwinding of an asset funding structure; both enhancing future profitability • Corporate Solutions net income USD 319 million; profitable growth across all regions • Admin Re® net income USD 34 million; excellent gross cash generation of USD 945 million • High-quality portfolio maintained in January P&C renewals despite rate pressures • Board of Directors to propose CHF 4.25 regular dividend, CHF 3.00 special dividend per share1 and a public share buyback programme2 of up to CHF 1.0 billion • Swiss Re on track to meet 2011–2015 financial targets; announces new financial targets commencing 2016

Centriq partners with Arrow

19 February 2015 | Centriq Insurance

Martin Le Roux: Executive Head of Centriq Insurance today welcomed another niche underwriting management agency to their team: Arrow Underwriting Managers (Pty) Ltd, headed up by Wayne Phillips, provides flexible insurance solutions to transport clients.

Celebrating 30 years of excellence

18 February 2015 | General

Thirty years ago, Tony Stalker and Angus Hutchison started what would eventually become Africa's largest and oldest specialist Underwriting Managing Agency (UMA), offering the widest range of products and underwriting capacity of up to one billion Rand on selected risks

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