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Swiss Re Ltd. has appointed Tavaziva Madzinga as reinsurance managing director and market executive for Middle East and Africa effective Nov. 1, it announced Tuesday.
Mr. Madzinga will replace Frank O’Neill who recently was appointed CEO of Swiss Re U.K.
Mr. Madzinga previously was regional CEO for south and east Africa at Pinelands, South Africa-based Old Mutual Life Assurance Co. Ltd.
“The MEA region is a strategically significant high growth market for us, having enjoyed double-digit growth in recent years, and we are well positioned to further expand our market share,” said Jean-Jacques Henchoz, CEO of reinsurance for the Europe, Middle East and Africa region for Swiss Re, in the statement.
“Tava’s wealth of experience and understanding of emerging markets, their clients and regulators, make him the ideal person to champion our ambitious growth plans,” he added.
Nigeria-based Leadway Assurance Co. Ltd. said that Swiss Re Ltd. has acquired a 25% in the insurer, reported Daily Trust.