Insured for success
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.