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Reinsurance tag returned 1233 results

  • Global: 8 leading reinsurers lend support to Lloyd's US$900m innovative cover

    Lloyd's, the world's leading marketplace for the underwriting of commercial, corporate and specialty risk solutions, yesterday announced it has secured a landmark GBP650m (about $900m) five-year cover for its Central Fund which supports sustainable, profitable long-term market growth.

    Asia | 18 Jun 2021
  • Singapore: Fairfax Asia secures right to acquire dissenting shares in SingRe

    Fairfax Asia, which launched a cash offer for SGX-listed Singapore Reinsurance in March, will exercise its right to compulsorily acquire all the shares of dissenting shareholders.

    Asia | 18 Jun 2021
  • Hong Kong: China Re subsidiary sees rating upgrade

    China Reinsurance Company (Hong Kong) (China Re HK) has had its financial strength rating upgraded to A (Excellent) from A- (Excellent) by AM Best, while the outlook for its long-term issuer credit rating has also been revised to positive from stable.

    AIRPlus | 17 Jun 2021
  • Saudi Arabia: ACE forms reinsurance broking unit

    Regional insurance leader ACE has formed a reinsurance broking unit in order to meet regulatory requirements for it to separate its insurance and reinsurance businesses.

    Middle East | 16 Jun 2021
  • Tunisia: Reinsurer's fundamentals expected to remain robust this year

    The credit fundamentals of Societe Tunisienne de Reassurance (Tunis Re) were robust in 2020 despite the coronavirus pandemic and two major exceptional claims, including the August 2020 Beirut explosion, notes Fitch Ratings. The global credit rating agency expects the company's fundamentals will remain robust in 2021.

    Africa | 14 Jun 2021
  • Philippines: Nat Re's prospective underwriting results to be supported by remediation and growth

    The operating performance of National Reinsurance Corporation of the Philippines (Nat Re), with a five-year average return-on-equity ratio of 2.1% (2016-2020), is assessed as adequate, notes AM Best.

    Asia | 14 Jun 2021
  • China issues corporate governance guidelines for insurers

    The CBIRC has issued its "Corporate Governance Guidelines for Banking and Insurance Institutions", that has taken effect since 2 June. The goal is to improve the quality of corporate governance in insurers and banks so as to ensure their sound development.

    China | 11 Jun 2021
  • Tencent spreads its wings in insurance sector

    Chinese Internet giant Tencent's plan to invest in Samsung Property & Casualty Insurance (Samsung P&C) in China is seen as one more step in the technology conglomerate's continued expansion in the insurance field.

    China | 11 Jun 2021
  • Nepal gets its second reinsurer

    Himalayan Reinsurance Company will be the second local reinsurer in Nepal. The company was granted an operating licence for conducting reinsurance business by the Nepalese insurance regulatory authority Insurance Board of Nepal (Beema Samiti) in May 2021.

    AIRPlus | 09 Jun 2021
  • Oman: Reinsurer's pre-tax profit jumps by 53% in 1Q

    Oman Re's profit before tax increased by 53% to reach OMR458,000 ($1.2m) for 1Q2021 compared to OMR298,000 for the corresponding quarter in 2020.

    Middle East | 08 Jun 2021

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