News Reinsurance

Nepal: National reinsurer goes public

Nepal: National reinsurer goes public

Nepal ReInsurance, the country's only reinsurance company, has issued 16m shares at par value in an initial public offering worth NPR16m ($132,700).

03 Apr 2020

Asia: Saudi Re posts strong 2019 financial results

Asia: Saudi Re posts strong 2019 financial results

Saudi Reinsurance Company (Saudi Re) has reported a net profit before zakat of SAR59.32m ($15.8m) for the year ended 31 December 2019, a three-fold increase (332%), from SAR13.72m in 2018.

31 Mar 2020

India: Reinsurance market to expand to US$7.8bn by 2024, says GlobalData

India: Reinsurance market to expand to US$7.8bn by 2024, says GlobalData

The Indian reinsurance industry has seen a sharp rise during the last three years, and is expected to reach INR579.4bn (US$7.8bn) in 2024 in terms of premiums, says data and analytics company GlobalData.

30 Mar 2020

India: GIC Re's Lloyd's syndicate posts profits in first full underwriting year

India: GIC Re's Lloyd's syndicate posts profits in first full underwriting year

2019, the first full year of underwriting for GIC 1947, was profitable for the Lloyd's syndicate backed by state-run Indian reinsurer GIC Re.

27 Mar 2020

India: IRDAI panel recommends easier operating rules for foreign reinsurers

India: IRDAI panel recommends easier operating rules for foreign reinsurers

17 Mar 2020

Global: ILSs contribute up to US$93bn in reinsurance capital

Global: ILSs contribute up to US$93bn in reinsurance capital

10 Mar 2020

Global: Swiss Re to nominate new chairman in 2021

Global: Swiss Re to nominate new chairman in 2021

04 Mar 2020

Japan: PPPs in public assets generate premiums estimated at US$1bn per year during 2018-23

Japan: PPPs in public assets generate premiums estimated at US$1bn per year during 2018-23

03 Mar 2020

Past Articles

India: AM Best revises rating outlook for GIC Re

India: AM Best revises rating outlook for GIC Re

South Korea: Co-insurance spells solvency solution to insurers, opportunities to reinsurers

South Korea: Co-insurance spells solvency solution to insurers, opportunities to reinsurers

South Korea: Reinsurer opens new office in Colombia

South Korea: Reinsurer opens new office in Colombia

Indonesia: Insurance industry sees deficit increase in balance of payments in 2019

Indonesia: Insurance industry sees deficit increase in balance of payments in 2019

Global: Swiss Re's net income jumps by 73% to US$727m

Global: Swiss Re's net income jumps by 73% to US$727m

Australia: Bushfires could affect reinsurance renewals

Australia: Bushfires could affect reinsurance renewals

Asia Pacific: Arch Re agrees to buy majority stake in marketing solutions firm

Asia Pacific: Arch Re agrees to buy majority stake in marketing solutions firm

Japan: Toa Re's key risk is CAT risk - S&P

Japan: Toa Re's key risk is CAT risk - S&P

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