A leading Islamic financial institution, Kuwait Finance House (KFH), has signed the first-of-its-kind Global Takaful Alliance agreement with the United Nations Development Programme (UNDP).
The Singapore Reinsurers' Association (SRA) has announced the opening of registration for the 2024 Singapore International Reinsurance Conference (SIRC), to be held from 4 to 7 November at the Sands Expo and Convention Centre.
China alone will generate around 17% of the overall global additional premiums, adding $256bn between 2025 and 2034, according to Swiss Re Institute (SRI).
Canopius has appointed Mr Andy Haste as group chairman. He will take over from Mr Michael Watson on 1 July 2024. In his new role, he will assume responsibility for chairing the group board.
The growth champion of global life insurance business over the next decade is likely to be India, with a growth rate of +13.6% p.a, says Allianz in its "Global Insurance Report 2024".
Specialist Risk Group (SRG), a specialist insurance intermediary, yesterday announced that it had signed a definitive agreement to be acquired by Warburg Pincus, a leading global growth investor, and Singapore's Temasek, a global investor.
Global reinsurer MS Reinsurance, part of the world-leading insurance group MS&AD, has produced a net profit of $366m for 2023, a significant turnaround from a net loss of $50m for 2022.
Swiss Re has appointed Mr Ivan Gonzalez as CEO corporate solutions and member of the group executive committee and Mr Beat Strebel as CEO reinsurance China and China country president, subject to regulatory approval.
MS Reinsurance has appointed Dr Frank Ellenbürger as fourth independent director and Mrs Yasuko Fukuda as third shareholder representative director. Both appointments are subject to approval by the Swiss Financial Market Supervisory Authority. Dr Ellenbürger He will also become chair of the audit committee.