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Reinsurance tag returned 571 results

  • China and Hong Kong's (re)insurance industries continue to benefit

    The China Banking and Insurance Regulatory Commission (CBIRC) will continue an agreement which allows lower capital requirements for mainland Chinese insurers who cede businesses to qualified Hong Kong professional reinsurers under the 'China Risk Oriented Solvency System'.

    Asia | 23 Jul 2019
  • Africa: WAICA Re forms group with establishment of subsidiaries

    WAICA Re has formed a group following its establishment of several subsidiaries last year, Mr Kofi Duffuor, group chairman, says in the corporation's annual financial statements for 2018.

    Africa | 22 Jul 2019
  • Vietnamese insurer proves adept at change

    The Vietnam National Reinsurance Corporation, more generally known as VinaRe, turned in an impressive performance for 2018 in spite of heavy competition in the domestic insurance sector that saw only 17 of the 31 non-life insurers making a profit on their underwriting business.

    AIRPlus | 17 Jul 2019
  • Saudi Arabia: National reinsurer leads insurance sector in profit growth in 1Q

    Saudi Arabia's only locally incorporated reinsurer Saudi Re was ahead of direct insurers in the Kingdom in terms of profit growth in 1Q.

    Middle East | 17 Jul 2019
  • Indonesia: Listed insurers see little trading in their stocks on the bourse

    Stocks of listed insurers see little action on the bourse, with the situation attributed to the low number of outstanding shares from insurance companies listed on the Indonesia Stock Exchange.

    Asia | 17 Jul 2019
  • Turkey: New economic blueprint proposes measures to boost insurance

    An economic road map unveiled by the Turkish government last week includes several measures related to the insurance and pension sectors. The Eleventh Development Plan was submitted to the Turkish Parliament on 8 July after it had been approved by President Recep Tayyip Erdogan. The plan covers the years between 2019 and 2023, and serves as a guide to improving the Turkey's economy.

    Middle East | 16 Jul 2019
  • New leader for reinsurer's life and health business in Korea

    Mr Kyungsuk Lee joined Munich Re Korea's leadership team on 15 July as part of a leadership transition following the retirement of current head of life and health Soobum Lee on 30 September this year. The former will be appointed the new head in due course and will report to Munich Re managing director, life and health for South-East Asia, South Asia, Korea and Japan, David Hughes.

    Asia | 15 Jul 2019
  • Zimbabwe: Insurers urged to boost capital to keep premiums at home

    Insurers and reinsurers should strengthen their capital positions so as to reduce the outflow of premiums which cost the country millions of dollars each year.

    Africa | 15 Jul 2019
  • UAE: Failed rocket and satellite insured for US$416m

    The combined insurance policy for the rocket and satellite that failed minutes after takeoff last week totalled EUR369m ($416m), reported Reuters.

    Middle East | 15 Jul 2019
  • Asia: Philippine insurance head is new chairman of Asian Re

    Mr Dennis B Funa, chief of the Philippines Insurance Commission, has been elected as the chairman of Bangkok-based Asian Reinsurance Corporation (Asian Re).

    Asia | 15 Jul 2019


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