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Reinsurance tag returned 593 results

  • Ivory Coast: Swiss Re obtains regulatory green light for underwriting office

    Global reinsurance giant Swiss Re has been granted regulatory approval by the regulator for the CIMA (Inter-African Conference of Insurance Markets) region to set up a reinsurance underwriting office in Abidjan, Ivory Coast.

    Africa | 19 Aug 2019
  • Vietnam: PVIRe posts sterling performance in 1H2019

    PVI Reinsurance Corporation (PVIRe) has shown growth of over 50%, in both revenue and profit for the first half of this year.

    Asia | 15 Aug 2019
  • (Re)insurance to look at governments and capital markets to boost cyber risk capacity

    Rating agency Standard & Poor's says it is inevitable that insurance and reinsurance firms will look to both the government and capital markets to help in boosting available cyber risk capacity. It says that if a prudent approach to underwriting and accumulation management isn't followed, the economic loss potential associated with cyber risks will be enormous.

    Asia Risk | 14 Aug 2019
  • World: More consolidation to come for global reinsurers - S&P Global Ratings

    Reinsurers' merger and acquisition (M&A) activity is still a hot topic, particularly because some players are posting subpar shareholder returns due to cost inefficiency, margin pressure, and still-excess capacity, says S&P Global Ratings.

    Asia | 14 Aug 2019
  • 1H2019 Results: 19% growth in half-year profit for Hannover Re

    German reinsurer Hannover Re reported a successful first half-year both in property and casualty (P&C) reinsurance as well as in life and health (L&H) reinsurance with group net income seeing a significant 19.3% increase to EUR662.5m ($741.4m) compared to the previous year's equivalent period. At the same time, its gross written surged by 17.1% to EUR11.7bn and net premium earned climbed by 12.1% to EUR9.4bn (unadjusted for exchange rate effects).

    Asia | 13 Aug 2019
  • Qatar: QIC sees 4.4% higher net profit in 1H

    Qatar Insurance Company (QIC), the leading insurer in Qatar and the Middle East North African (MENA) region, has reported a net profit of QAR419m ($115m) for the first half of 2019. This was 4.4% higher than the QAR401m in the corresponding period last year.

    Middle East | 13 Aug 2019
  • Egypt: Africa Re aims to collect 6% more premiums in Egypt this year

    Africa Re aims to collect premiums from the Egyptian market worth $38m this year, compared to actual premiums received in the Egyptian market of about $36m last year.

    Africa | 12 Aug 2019
  • Saudi Arabia: Reinsurer says M&As are key to attaining international growth

    Mergers and acquisitions are key in Saudi Reinsurance's international growth strategy, according to its managing director and CEO, Mr Fahad Al-Hesni.

    Middle East | 11 Aug 2019
  • Sri Lanka: Govt reinsurer boosts capital buffers

    State-owned reinsurer National Insurance Trust Fund (NITF) Board is building capital buffers which will help in dealing with increasing frequencies of natural disasters, ratings agency Fitch Ratings Lanka has said.

    Asia | 09 Aug 2019
  • ILS market declines in Q2, says broker

    The insurance-linked securities (ILS) market declined year on-year in Q22019 with just below $1.7bn of non-life ILS capacity issued through 11 CAT bonds, down from $6.2bn and $4.0bn in Q22017 and Q22018 respectively. That made the recent quarter the second-lowest Q2 for issuance by volume in the past eight years, except for 2016, according to the new ILS Market Update from Willis Re Securities, the reinsurance division of broker Willis Towers Watson.

    Asia | 08 Aug 2019

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