05/26/2014

Africa can tap global reinsurance markets; why not Florida?

Capitalized with contributions from Germany and the United Kingdom, the agency’s newly created Bermuda-based specialist hybrid mutual Africa Risk Capacity Insurance Co. Ltd. is offering $135 million of coverage to the participating countries.

05/22/2014

SA fund manager second top owner of Umeme Ltd

Investec Asset Management is now the second largest shareholder of Ugandan electricity distributor Umeme Ltd, which is cross-listed in Kenya, after it bought a 18.47 per cent stake.