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Good results for Munich Re of Africa

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Magazine Issue: 
The big moves [3]
Magazine date: 
Jul 2006

Being a subsidiary of the German reinsurer, Munich Re of Africa (MRoA) has reported a gross premium volume of 2.6 billion ZAR (372.09 million USD) in 2005, that is, a 9% increase, and 277 million ZAR (39.6 million USD) in net profits, that is, a 7% increase compared to 2004. These good performances are accounted for by the soundness of the financial market and by the absence of natural catastrophes.

Thu, 06/06/2013 - 16:40

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