African Reinsurance Corporation, the continent's leading reinsurer, has won the prestigious "Pan African Champion" Award at the 2025 Africa CEO Forum.
The Ministry of Finance has commissioned global professional services firm Ernst & Young (EY) to evaluate the performance of government-owned (re)insurance companies.
To date, the Australian Reinsurance Pool Corporation (ARPC) has received 9,399 cyclone claims, with a total incurred value of A$121m ($77.9m), according to released statistics. The cyclone pool, which ARPC operates, targets support to cyclone-prone areas.
State-owned Reasuransi Indonesia Utama (Indonesia Re), the largest reinsurer in Indonesia, has highlighted the importance of strengthening the fundamentals of the domestic insurance industry to address the balance of payments deficit in the sector.
Dusseldorf-headquartered international multiline reinsurer, Deutsche Rück Group, further expanded its business in the 2024 financial year while simultaneously strengthening its financial position, the group said in a statement released yesterday.
Aon and Moody's Insurance Solutions have announced the expansion of their reinsurance casualty collaboration into commercial risk.
The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) has appointed Mr Scott Hawkins to its Board.
Zambia Reinsurance has posted an 83% surge in net profit to ZMW28.5m ($1.05m) in the financial year ended 31 December 2024, compared to 2023, according to the company's financial statements lodged with the Lusaka bourse. The increase was achieved on the back of strong revenue growth, investment income and exchange gains.
AXA XL has appointed to its India branch Mr Akash Jain as underwriting assistant; Mr Alok Shukla as CEO of XL Insurance Company - India Reinsurance Branch; Ms Priya Manchanda as claims specialist; Mr Saumitra Sharma as CUO; Mr Saurabh Bhootara as property, energy and construction underwriter and Mr Vinod Kumar as assistant underwriter.
Pacific Life Re has appointed Mr Kenichi Kim as head of South Korea. In his new role, he will oversee the company's growth and operations in the region.