African Reinsurance Company aims to produce premiums totalling $43m (EGP688m) from the Egyptian market, says Mr Omar Gouda, regional director, Cairo Office of tAfrica Re.
Fire insurance rates for 291 business segments have been revised since 1 January, as GIC Re said that a host of new industries were to be covered under the annual rate revision.
Australian insurers are well-capitalised and should be able to withstand losses from the recent bushfires, aided by support from reinsurance partners, says AM Best.
The signing of the first phase of the trade agreement between the US and China on 15 January 2020 removes many formal barriers that have been obstacles to the opening up of China's financial markets, points Moody's Investors Service.
Investment bank Arqaam Capital has named Saudi Reinsurance Company among its preferred picks in the Saudi insurance sector, maintaining a "Buy" recommendation on the national reinsurer.
Lloyd's chairman Bruce Carnegie-Brown set the India Rendezvous 2020 abuzz yesterday in his keynote address during which he asked, "Why don't they buy more?"
Reasuransi Indonesia Utama (Indonesia Re) CEO Frans Y Sahusilawane passed away at the age of 67 on 21 January in Jakarta. He had played an influential role in the development of insurance and reinsurance in Indonesia.
Africa Re, the continent's largest reinsurer, has generated premiums totalling $41m last year, in Egypt, Mr Omar Gouda, regional director, Cairo Office of the reinsurer, has said.
The India Rendezvous, being held in Mumbai 20-22 January, has generated considerable interest from around the world with over 650 delegates from 38 countries registered.
Ghana Re has a track record of positive operating results, which are considered adequate when inflation rates in the company's key markets are taken into account, says AM Best in a recent commentary.