Africa Re's premium income is expected to increase by about 5% annually over 2021-2022, mostly reflecting the economic recovery in most areas it operates, says S&P Global Ratings.
Aon has announced that Ms Jennifer Law has joined its Asia Pacific capital advisory unit within reinsurance solutions.
State-owned reinsurer, Indonesia Re, is preparing a roadmap to realise its plan to become Southeast Asia's largest reinsurance company in terms of equity.
Driven by continued capital market recovery and new equity issuance, global reinsurer capital had returned to its pre-pandemic high of $625bn at the end of September.
Close to 700 delegates from 20 countries have registered for the 14th India Virtual Rendezvous to be held online for the very first time on 20-22 January.
In almost all regions and programmes, reinsurance renewal talks are shaped around discussions on communicable diseases and cyber risk. Exemption clauses related to these have become the norm in reinsurance agreements, according to Ms Gunes Karakoyunlu, Milli Re's domestic reinsurance admissions manager.
The Insurance Authority (IA) has exempted reinsurance providers from rating requirements for a period of one year to ease the pressure on capacity, especially with the COVID-19 pandemic causing more stress.
Howden Group Holdings yesterday announced an investment of $84m in support of Tamesis DUAL, the reinsurance division of DUAL Group, the world's largest international MGA. This additional capacity has been in place since 1 January 2021 and the capital was provided by Howden Group and a third-party investor.
QBE, Australia's largest insurer in terms of premium income, has finalised renewal of the Group's reinsurance programme effective 1 January 2021, the company says in a statement.
The reinsurance market operated in an orderly and efficient manner for January renewals despite record-setting hurricane landfall in the US and uncertainty about the impact of COVID-19 in some lines, says Aon in its January 2021 edition of the "Reinsurance Market Outlook" report.