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Reinsurance tag returned 892 results

  • Philippines: Nat Re shows sustained improvement in underwriting performance

    National Reinsurance Corporation of the Philippines (Nat Re) has shown a trend of sustained improvement in underwriting performance over recent years, supported in part by tighter cost discipline and a shift in the company's business mix toward profitable domestic life reinsurance products, notes AM Best.

    Asia | 01 Jun 2020
  • Pakistan: Crashed aircraft insured for almost US$20m

    The Pakistan International Airlines (PIA) Airbus SE A320 jet that crashed into a crowded residential district of Karachi on 22 May killing 97 people on board was insured for $19.7m, reported Reuters citing an airline document.

    Asia | 01 Jun 2020
  • 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

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