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Reinsurance tag returned 962 results

  • Oman: Reinsurer's net profit soars by 131.5% in 1H 2020

    Oman Re, the sole reinsurer operating in the Sultanate of Oman, has reported a net profit of OMR664,300 ($1.73m) for 1H2020, higher by 131.5% compared to OMR 286,900 during 1H2019, according to interim financial statements released by the company.

    Middle East | 13 Aug 2020
  • Bahrain: Arig slips into the red in 1H

    Regional reinsurer Arig has recorded a consolidated net loss of $3.1m attributable to shareholders of the parent company, for the first six months of 2020, compared to a net profit of $9.2m for 1H2019.

    Middle East | 13 Aug 2020
  • Uganda: Reinsurer sees surge in GWP but flat net profit in 2019

    The Uganda Reinsurance Company (Uganda Re) has posted an increase in gross written premium of 50.7% to UGX50.5bn ($13.7m) in 2019, from UGX33.5bn in 2018, reveal the company's financial statements for the year ended 31 December 2019.

    Africa | 10 Aug 2020
  • Kenya: Reinsurer's after-tax profit jumps by 46% in 1H

    Kenya Reinsurance has posted a 46% surge in net profit after tax to KES1.57bn ($14.5m) for the half year ended 30 June, according to unaudited interim financial statements issued by the reinsurer.

    Africa | 10 Aug 2020
  • Saudi Arabia: Saudi Re named exclusive reinsurer for Inherent Defects Coinsurance Programme

    Saudi Reinsurance Company (Saudi Re) has signed an exclusive reinsurance contract with Malath Insurance Company, on behalf of the Saudi insurance industry, to provide reinsurance coverage on the Inherent Defects Coinsurance Programme.

    Middle East | 10 Aug 2020
  • Asia Insurance Industry Awards 2020 unveils finalists

    Forty-eight of Asia's top (re)insurers, brokers and service providers have been chosen as finalists for the prestigious 24th Asia Insurance Industry Awards (AIIA).

    Asia | 10 Aug 2020
  • Aon hires new lead for UK property team

    The Reinsurance Solutions business of Aon has appointed Ms Catherine Turner as head of UK property, and co-leader with Mr Richard Evans of its UK & Ireland and specialty casualty business.

    People | 07 Aug 2020
  • Ed strengthens international facultative reinsurance offering

    Ed has announced the appointment of Mr Assad Ulhaq as senior broker and producer with immediate effect. In this role Mr Ulhaq will focus on international property facultative reinsurance, primarily in Europe, the Middle East and Africa.

    People | 07 Aug 2020
  • Indonesia: COVID-19 hits overseas retrocession business

    The COVID-19 pandemic has made the domestic reinsurance industry fraught with uncertainty, according to Ms Trinita Situmeang, a director at Maskapai Reasuransi Indonesia (Marein).

    Asia | 07 Aug 2020
  • Saudi Arabia: Gross premiums at reinsurer rise by 30% in 1H

    Saudi Re posted a 30.1% increase in GWP to SAR659.1m ($175.7m) for the first half of this year, compared to the corresponding period last year, according to interim financial statements filed with the stock exchange, Tadawul.

    Middle East | 06 Aug 2020

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