Swiss insurance company increases stake in morocco's La Marocaine Vie

The Worldwide re-insurer company "SWISS RE" has increased from 5 % to 10 % its stake detained in the capital of Morocco's major insurance firm, "La Marocaine Vie." The Swiss company, which bought last week a block of 15,000 shares of "La Marocaine Vie" for around $ 57 per stake, will take the post of administrator at the Moroccan firm's managing board.