The Swan Group, one of the market leaders in the insurance sector in Mauritius, operates through Swan Insurance Company Limited for short term insurance business and The Anglo-Mauritius Assurance Society Limited for life assurance, pensions, actuarial and investment business.
A full range of insurance products and services has been developed over the years to serve the needs of corporate and individual clients.
The activities of the Group date back from 1854 on the incorporation of The Mauritius Fire Insurance Company Limited and 17 years later of the Colonial Fire Insurance Company Limited. Swan Insurance Company Limited was incorporated in March 1955 to take over the activities of Mauritius Fire and Colonial Fire.
The Group caters for the insurance requirements of its clients in the region within its treaty capacities.
Swan Insurance Company Limited is the major shareholder of The Anglo-Mauritius Assurance Society Limited.
The Group’s Gross Premium Income amounted to Rs.2.6 billion for the year ended 31st December 2008. Assets under the management of the Swan Insurance Group amounted to Rs.17.4 billion and the Life Assurance Fund stood at Rs.15.7 billion at 31st December 2008.
Reserves of the Swan Group reached Rs. 728.7 million and that of the Company Rs.634.8 million in 2008.
Investments are made in Mauritius and in the region in key sectors of activity namely tourism, real estate, sugar, trade and financial services.
The Group participates actively in the socio-economic development of the country by granting loans for the construction or purchase of residential and business properties. Residential loans granted to policyholders amounted to Rs.1.9 billion and loans on business properties totalled Rs.412 million at 31st December 2008.
By securing the services of AON, a leading reinsurance broker, and a panel of global reinsurers, the Group has a worldwide access to reinsurance markets and is therefore capable of offering first class security to clients.
Since December 1990, Swan Insurance Company Limited has been quoted on the Mauritian Stock Exchange. Market capitalisation at 31st December 2008 was Rs.609.6 million.
