Reinsurance |

Hurricane Mayhem May Give Boost to Dampened Reinsurer Earnings

JOHANNESBURG (Capital Markets in Africa) – While this year’s hurricanes will cost reinsurers billions of dollars in claims, they may eventually bring some relief to the industry’s lackluster earnings. In the German spa town of Baden-Baden, reinsurance executives are this week meeting up with brokers and clients to renegotiate contracts due for renewal in January. Many of them are arguing that the expected damages from hurricanes Harvey, Irma and Maria — as well as earthquakes…

African Reinsurance Sector: Weathering the Storm

Posted on by The Editorial Team

EXCLUSIVE INTERVIEW with Mr. Corneille Karekezi, Group Managing Director/Chief Executive of African Reinsurance Corporation. He talks to Capital Markets in Africa about challenges and opportunities in African Insurance and Reinsurance markets. How is the reinsurance sector coping with the current macroeconomic uncertainty, where currency volatility and the commodity slump coupled with terrorism and political instability have put pressure on economies in Africa? CORNEILLE KAREKEZI: The recent slump in commodity prices coupled with the attending depreciation of most currencies…