The sale of a 10% stake in Qianhai Reinsurance Co has been finalised around two years after the purchaser made a successful bid for the related shares.
SEADRIF Insurance Company has selected Gallagher Re, a leading reinsurance broking and advisory firm, to provide reinsurance broking and risk advisory services.
The government-run natural disaster insurance provider, EQC, has secured a record level of reinsurance of NZ$9.2bn ($5.7bn) from 1 June 2024 to protect New Zealand homeowners from the impact of natural hazards and keep home insurance affordable.
Oman Reinsurance Company (Oman Re) has generated a good financial performance, as reflected in net income return on equity of 8.4% in 2023 (2022: 7.5%), says Fitch Ratings.
MS Reinsurance has appointed Mr Miguel Marin as head of data. In his new role, he will be responsible for managing the cloud-native data and analytics platform and will advance key data strategies.
White Bear Group has appointed Mr John Symms as group head of capital solutions, a newly created role. In his new role, he will source and develop (re)insurance support for White Bear's MGA lines and will coordinate reinsurance at Blenheim Underwriting, a company owned by White Bear Group.
Global credit rating agency AM Best says that it expects Vietnam National Reinsurance Corporation (VINARE) to continue delivering strong operating performance, supported by favourable underwriting performance and robust investment income.
The Hong Kong insurance industry posted a 12.2% increase in total gross premiums to HK$165.1bn ($21.1bn) in the first quarter of 2024, according to provisional statistics released by the Insurance Authority (IA).
Howden Re has appointed Mr David Hearn as chairman, global clients strategy. In his new role, he will support leadership and client service teams across the spectrum of risk and strategic advisory. This will include advising large, multi-product insurance companies with international presence and complex coverage needs.
Tunis Re, the locally-incorporated reinsurer with a leading position in the Tunisian reinsurance market, is working on adopting and developing technology, including a massive data management project, according to Ms Lamia Ben Mahmoud, CEO of the reinsurer.