Swiss Re will open an underwriting office in Ivory Coast, following approval by the Inter-African Conference of Insurance Markets (CIMA). The company said it would also establish a subsidiary to provide insurance services for its clients and that it was working with local authorities on plans to build up infrastructure such as roads and hospitals. The company said the opening, scheduled for October, would increase reinsurance opportunities in the CIMA region and offer greater access to its research and risk expertise. Swiss Re Africa was created in 2018 when the company’s Southern African P&C operation was re-domiciled to South Africa.
Swiss Re will open an underwriting office in Ivory Coast, following approval by the Inter-African Conference of Insurance Markets (CIMA). The Abidjan office will be run by the reinsurance company’s West Africa head, Awa Kone. The company said the opening, scheduled for October, would increase reinsurance opportunities in the CIMA region and offer greater access to its research and risk expertise. Swiss Re Africa was created in 2018 when the company’s Southern African P&C operation was re-domiciled to South Africa.