Tavaziva Madzinga

In­sured for suc­cess

The Africa Report - - BUSINESS - Honoré Banda

Writ­ing in The Ac­tu­ary in 2014, when he was still chief op­er­at­ing of­fi­cer for Africa at Old Mu­tual, Tavaziva Madzinga said: “The fu­ture is dig­i­tal, which­ever di­rec­tion you look.” The South Africa-trained Zim­bab­wean ac­tu­ary, who has con­sis­tently stressed the im­por­tance of in­no­va­tion and gain­ing the trust of cus­tomers, will be putting those ideas into prac­tice as head of the Mid­dle East and Africa for Zürich­based Swiss Re. While rein­sur­ance is Swiss Re’s main trade, it owns stakes in in­sur­ers in Kenya, Morocco, Nige­ria and Tu­nisia. Madzinga spe­cialised in South­ern and Eastern African mar­kets for Old Mu­tual, so Swiss Re may be look­ing at those re­gions first for its ex­pan­sion plans, af­ter pur­chas­ing a 25% stake in Nige­ria’s Lead­way As­sur­ance in July 2016. The Swiss com­pany wants to be the dom­i­nant player in Africa’s rein­sur­ance mar­ket, and Madzinga’s ap­point­ment is set to pro­vide it with the in­sight it needs to ex­pand its mar­ket share in the face of grow­ing na­tional and in­ter­na­tional com­pe­ti­tion.

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