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Reinsurance tag returned 537 results

  • International Cooperative and Mutual Insurance Federation welcomes new member

    Swiss Re has joined the International Cooperative and Mutual Insurance Federation (ICMIF) as a supporting member. ICMIF is the main umbrella body for the cooperative and mutual insurance industry globally.

    Asia | 26 Jun 2019
  • Saudi Arabia: Brightening outlook for Kingdom's only reinsurer

    Saudi Re, the kingdom's only local reinsurer, is expected to improve its domestic market share to 8-10% as the company continues to cherry pick the most profitable exposures while also seeking to diversify its business mix/geographic concentration, says investment house Arqaam Capital in a report released last week.

    Middle East | 25 Jun 2019
  • Algeria: African and Arab markets contribute half of reinsurer's international business

    The Africa & Arab zone is the largest international underwriting market for Algeria's state owned reinsurer Compagnie Centrale de Reassurances (CCR), the company says in its recently released annual report for 2018.

    Africa | 24 Jun 2019
  • Algeria: Domestic & overseas business drive reinsurer's growth in 2018

    Algerian state owned reinsurer Compagnie Centrale de Reassurances (CCR) has posted a turnover of DZD32,077m ($270m) in 2018, an increase of 8.84% over 2017, according to the company in its annual report for 2018.

    Middle East | 23 Jun 2019
  • What foreign players wish to see in opening up of financial sector

    As China's financial regulators reiterate pledges to open up the financial sector to more foreign investments, global bankers and economists are urging faster permits and unambiguous guidelines, reported Bloomberg.

    China | 21 Jun 2019
  • Global: AIG consolidates reinsurance operations

    American International Group (AIG) has announced the consolidation of its reinsurance operations into a single entity, called AIG Re. The new unit brings Validus Re, AlphaCat and Talbot Treaty into one global business.

    Asia | 21 Jun 2019
  • SCOR confirms the accuracy of vote results during AGM

    French reinsurer SCOR has verified the vote results for resolutions 4 and 5 concerning the remuneration of its chairman and CEO which was approved by the combined general meeting of SCOR shareholders on 26 April 2019. This comes as a response to the information that has appeared in the press regarding a request to recount the votes for these resolutions which activist fund CIAM claims to have made.

    Asia | 20 Jun 2019
  • Global reinsurer closes senior notes offering

    PartnerRe's subsidiary, PartnerRe Finance B (PRE Finance B) has closed its previously announced offering of $500m aggregate principal amount of 3.70% Senior Notes due 2 July 2029. The notes are senior unsecured obligations of PRE Finance B and are guaranteed fully and unconditionally by PartnerRe. Last week, Moody's assigned an A3 rating to the notes.

    Asia | 20 Jun 2019
  • Oman: Reinsurer rated 'BBB-' by Fitch

    Fitch Ratings has assigned an Insurer Financial Strength (IFS) Rating of 'BBB-' (Good), with the rating outlook stable.

    Middle East | 16 Jun 2019
  • India: Commerce federation calls for raising FDI ceiling in insurance to 74%

    The government needs to raise the ceiling on foreign direct investments in the insurance sector in order to attract overseas investments, the Federation of Indian Chambers of Commerce and Industry (FICCI) said yesterday.

    Asia | 14 Jun 2019


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