...reinsurance and catastrophic risk diversion mechanisms
On January 22, the State Council issued the Rural Comprehensive Revitalization Plan (2024-2027), which emphasizes the development...
Source : eCin | 07 Feb 2025...reinsurance capacity to Lloyd’s syndicates through quota share capital gearing treaties. Currently, its Corporate Member at Lloyd’s is GIC Re, India, Corporate Member Ltd., which is regis...
Source : eDaily | 07 Feb 2025...reinsurance at Arundo Re experienced strong growth, rising by 15% to reach EUR632m ($655m), as a whole. Apart from Asia, growth was also pronounced in the MENA region, where significant adjustments w...
Source : eDaily | 07 Feb 2025...Aon has appointed Mr Wesley Roy head of property for Australia and New Zealand. He joins Aon's Reinsurance Solutions team....
Source : eDaily | 06 Feb 2025...reinsurance premiums for affected areas. However, regions with fewer recent incidents experienced more competitive pricing as (re)insurers pursued growth and diversification amid an increasingly unce...
Source : MiddleEast | 04 Feb 2025...reinsurance firm.
The incurred claims in 2024 totalled around $79.7m as compared to $67m an year earlier in 2023. This translates into an increase of 18.9%. The total assets of the insuranc...
Source : eDaily | 03 Feb 2025...reinsurance demand. In addition, the industry continues to gain from strong investment income due to high bond yields.
The sector also saw robust capitalisation that was redundant at the 99...
Source : eDaily | 31 Jan 2025...reinsurance policies. An increase, on the other hand, may indicate rising costs associated with managing the policies.
The higher this rate, the higher the costs...
Source : MiddleEast | 30 Jan 2025...reinsurance. The recent implementation of IFRS17 and IFRS9 standards has also brought more transparency and comparability to insurers’ financial performance, as evidenced by a strong 3Q2024 com...
Source : MiddleEast | 30 Jan 2025...reinsurance portfolio in APAC, has grown significantly since launching in 2021, driven by strong performance and rising investor interest in accessing Asia’s large and diverse pool of CAT risks...
Source : eDaily | 30 Jan 2025...reinsurance business. She will also collaborate with the firm’s L&H reinsurance teams across the APAC region and internationally.
Ms Shah joins from Gen...
Source : eDaily | 29 Jan 2025...reinsurance – as well as the potential financial stability implications of natural catastrophe protection gaps.
The IAIS will also support it...
Source : eDaily | 29 Jan 2025...reinsurance broker in the Kingdom of Saudi Arabia, WTW has brought in one of the sector’s leaders into its ranks. Previously serving as the deputy CEO of Chedid Reinsurance Brokerage for the pa...
Source : MiddleEast | 28 Jan 2025...reinsurance, natural disaster and claims costs continue to contribute to higher premiums for house, motor vehicle and home contents insurance over the past 12 months.
The release said, &ldq...
Source : eDaily | 28 Jan 2025...reinsurance companies, and branches of foreign reinsurers. Newly established companies may undergo pilot ratings under the guidelines, while those undergoing restructuring, government takeover, or ma...
Source : eCin | 24 Jan 2025...reinsurance market. It is expected that this agreement will help support the development of a talent pipeline into the fast-growing Middle East region.
As part of the agreement, the DIFC Ac...
Source : MiddleEast | 23 Jan 2025...Tunisian Reinsurance Company (Tunis Re) has achieved satisfactory performance in 2024 with net results exceeding the objectives set....
Source : MiddleEast | 23 Jan 2025...reinsurance and operates Islamic life and general insurance businesses. The company said it maintained a cautiously optimistic outlook for FY25 financial performance.
Revenue for the quarte...
Source : MiddleEast | 22 Jan 2025...reinsurance landscape is currently navigating challenging times. “The spectre of climate change looms large, amplifying the risks we underwrite. Simultaneously, geopolitical tensions are disrup...
Source : eDaily | 22 Jan 2025...reinsurance broker license in the Kingdom of Saudi Arabia further enhances our international capabilities. We are thrilled to have Mohammed join us at this pivotal time in our evolution to broaden ou...
Source : MiddleEast | 21 Jan 2025...reinsurance companies, the minimum capital requirement is being set at EGP1bn.
The decision stipulates setting the minimum capital for companies engaged in insurance-related professions and...
Source : MiddleEast | 21 Jan 2025...reinsurance industry to tap into the great potential in the country, said Insurance Regulatory and Development Authority of India whole time member (Actuary) P K Arora....
Source : eDaily | 21 Jan 2025...reinsurance revenue reaching $129.8m in 2024, a 18.5% increase from 2023, along with a profit after tax of $7.9m in 2024, a 19.2% higher than the past year. Both underwriting and investments contribu...
Source : MiddleEast | 20 Jan 2025...reinsurance in India.
India’s journey towards becoming a global economic powerhouse is marked by ambitious goals and transformative visions. By 2047, India...
Source : eDaily | 20 Jan 2025...reinsurance clause predates the emergence this week of a complex ceasefire accord between Israel and militant group Hamas, said the news agency.
It reflects greater competition in the marke...
Source : MiddleEast | 19 Jan 2025...reinsurance services that contribute to underwriting prices and product development, so the fund's investment will enable the company to achieve this." He said that the insurance sector in t...
Source : MiddleEast | 19 Jan 2025...Reinsurance (Shanghai)'s reinsurance operation centre received an insurance license, effective 3 January 2025, according to the NFRA licensing platform.
On 1 January, PICC P&C facil...
Source : eCin | 17 Jan 2025...The Australian Reinsurance Pool Corporation (ARPC) has teamed up with the University of Queensland for a three-year resilience study programme. The programme aims to understand how risk pooling can support individual and community resilience to cyclones and improve community outcomes for the ARPC-run reinsurance pool....
Source : eDaily | 17 Jan 2025...reinsurance firm with operations in LA, is projected to face minor damage, with losses estimated between KRW15bn and KRW30bn according to industry estimates.
Two other Korean insurers, Hyun...
Source : eDaily | 17 Jan 2025...reinsurance, permitting Saudi insurance companies to manage risk more effectively. Insurers use reinsurance to provide adequate coverage to their policyholders and reduce earnings volatility. Saudi R...
Source : MiddleEast | 14 Jan 2025...Lloyd's announced on Thursday that CEO John Neal will be leaving Lloyd's in 2025, after leading the world's marketplace for insurance and reinsurance for over six years. Mr Neal will be joining Aon as its global CEO of reinsurance and global chairman of climate solutions....
Source : MiddleEast | 13 Jan 2025...Moody's Ratings has affirmed Saudi Reinsurance Company's (Saudi Re's) rating at "A3" Insurance Financial Strength Rating (IFSR), with a positive outlook....
Source : MiddleEast | 12 Jan 2025...The Ministry of Finance is currently studying the new draft law on the financial market, which will replace 1993 stock exchange legislative decree. Among the important reforms is the inclusion of insurance companies as intermediaries in stock exchange operations, Islamic bonds and green financing, which will contribute to strengthening this market and making it more attractive, said the Algerian Union of Insurance and Reinsurance Companies (UAR) general director Abdelhakim Berrah....
Source : MiddleEast | 12 Jan 2025...reinsurance center: The Shanghai Insurance Exchange has launched an international reinsurance registry and trading center with a registered capital of CNY100m($14m)....
Source : eCin | 10 Jan 2025...Lloyd's announced yesterday that CEO John Neal will be leaving Lloyd's in 2025, after leading the world's marketplace for insurance and reinsurance for over six years. Mr Neal will be joining Aon as its global CEO of reinsurance and global chairman of climate solutions....
Source : eDaily | 10 Jan 2025...Reinsurance Company, General Takaful Company, and Qatar General Holding Company....
Source : MiddleEast | 08 Jan 2025...The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) and Buruj Cooperative Insurance Company (Buruj) have received approval from the General Authority for Competition (GAC) on proceeding with the economic concentration resulting from the potential merger of the two operators....
Source : MiddleEast | 08 Jan 2025...reinsurance capacity, and digital technology as the main factors that will affect market growth. More than 90% of the P&C insurance executives polled expect the premium income of the non-life sec...
Source : eDaily | 08 Jan 2025...reinsurance arrangements to cater for such an event....
Source : MiddleEast | 07 Jan 2025...reinsurance broker Gallagher Re the Asia-Pacific region has experienced rapid digital transformation in recent years, particularly since the COVID-19 pandemic. This has driven a corresponding increas...
Source : eDaily | 07 Jan 2025...Reinsurance Companies (UAR) Delegate General Abdelhakim Berrah in a statement to the Algerian News Agency (ANA).
Growth was supported by a significant increase in international acceptances...
Source : MiddleEast | 06 Jan 2025...The Taiping Reinsurance Company through a special purpose insurer Silk Road Re has issued $35m catastrophe bonds that offer three years of protection starting 1 January 2025 by covering named storms in the US and earthquakes in mainland China....
Source : eDaily | 06 Jan 2025...reinsurance company. The number of insurance-related professions remained unchanged at 498....
Source : MiddleEast | 05 Jan 2025...Saudi Reinsurance Company (Saudi Re) has announced the results of the subscription to the new shares issued as part of its capital increase exercise, with suspension of pre-emptive rights. The announcement came following the closure of the of trading on 30 December 2024....
Source : MiddleEast | 05 Jan 2025...reinsurance companies, exceeding the number of sponsors in the previous conference and five months before its launch.
This year’s conference being organised by JIF in cooperation with...
Source : MiddleEast | 05 Jan 2025...reinsurance MGA based in the Dubai International Financial Centre (DIFC) in Dubai focusing on property, energy, liability, consumer and accident and health reinsurance lines....
Source : MiddleEast | 02 Jan 2025...reinsurance activities. This step comes as a continuation of the series of successes that DIG has achieved in its other regional centres, where these branches have significantly contributed to enhanc...
Source : MiddleEast | 02 Jan 2025...reinsurance arrangements. The company refuted SECP’s interpretation of reinsurer communications and denied any misrepresentation of facts.
With a low claim ratio of just 2.5% over the...
Source : eDaily | 02 Jan 2025...Reinsurance Group of America, Incorporated (RGA), a global life and health reinsurer.
“ICICI Pru Wish offers an inst...
Source : Agent | 29 Dec 2024...reinsurance support....
Source : eCin | 20 Dec 2024