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Reinsurance tag returned 890 results

  • Kuwait: Reinsurer improves technical performance

    Kuwait Reinsurance Company's focus on underwriting discipline has translated into improved technical performance in recent years, reducing historic volatility in operating results, notes AM Best.

    Middle East | 31 May 2020
  • US: Lawmaker proposes Pandemic Risk Insurance Act

    Congresswoman Carolyn Maloney, a senior member of the House Financial Services Committee, has joined with various stakeholders to introduce the Pandemic Risk Insurance Act of 2020 (PRIA). This legislation will create the Pandemic Risk Reinsurance Program, a system of shared public and private compensation for business interruption losses resulting from future pandemics or public health emergencies.

    Asia | 29 May 2020
  • Global: Reinsurers unlikely to recoup cost of capital this year -- Fitch

    The global reinsurance sector will fail to earn its cost of capital in 2020 due to the coronavirus crisis, Fitch Ratings says, following a sector ratings review.

    Asia | 29 May 2020
  • Africa Re's Omar Gouda announces retirement

    Africa Re regional director of North East Africa Omar Gouda has announced his retirement after 17 years serving the group. Mr Gouda was also the managing director of Africa Retakaful.

    Middle East | 27 May 2020
  • Philippines: Govt cuts red tape in reviving reinsurance tender exercise

    The Philippines will invite reinsurers to make a bid again for the planned PHP2bn ($40m) national indemnity insurance programme to insure and protect public assets in disaster-prone areas, this time with less stringent documentary requirements.

    Asia | 27 May 2020
  • US: AM Best expects more mortgage reinsurance losses

    With mortgage delinquency rates expected to dramatically increase due to COVID-19 pandemic-related loan forbearance and job loss, AM Best has explored the spillover effect into the mortgage-related activities of the reinsurance industry.

    Asia | 22 May 2020
  • Saudi Arabia: National reinsurer strengthens board of directors

    Saudi Re has appointed two seasoned reinsurance professionals - Dr Peter Hugger and Mr Marc Maupoux - to its board of directors for a three-year term starting 2020.

    Middle East | 21 May 2020
  • COVID-19 leads to negative outlook for global reinsurers

    Pandemic-related losses combined with volatile capital markets and lower investment returns mean that 2020 is expected to be a difficult year for global reinsurers.

    Asia | 19 May 2020
  • Vietnam: Reinsurer's operating performance seen as strong

    The operating performance of Vietnam National Reinsurance Corporation (VINARE) as strong, as evidenced by a five-year average combined ratio and return-on-equity (ROE) ratio of 93.2% and 8.9% (2015-2019), says AM Best says in a report.

    Asia | 18 May 2020
  • Lloyd's set for massive payout, COVID-19 to result in record losses for industry

    Lloyd's yesterday revealed that it expects to pay out in the range of $3bn to $4.3bn to its global customers as a result of the far-reaching impact of COVID-19, although losses could rise further if the lockdown measures continue into another quarter.

    Asia | 15 May 2020

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