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Reinsurance tag returned 1150 results

  • Munich Re manages profit - but COVID-19 takes its toll

    The German-headquartered reinsurance group Munich Re closed the year 2020 with a profit of EUR1.2bn ($1.46bn) despite the year being marked by high losses due to the COVID-19 pandemic.

    AIRPlus | 01 Mar 2021
  • Bahrain: 4 listed insurers see 17% surge in combined profit in 2020

    Four insurers listed on the Bahrain Stock Exchange have posted an aggregate net profit of BHD13.75m ($36.45m) for the 2020 financial year, an increase of 17% compared to BHD11.78m for the year 2019.

    Middle East | 01 Mar 2021
  • Thailand: Reinsurance broker goes public

    The shares of Thailand's biggest reinsurance broking company TQR have been listed on the Market for Alternative Investment (mai) since 17 February. TQR is the first MAI-listed reinsurance broker and has a 10% share of the non-life reinsurance market in the country.

    Asia | 01 Mar 2021
  • Indonesia: MAIPARK reports ROE of 15% in 2020, above 3-year average

    Reasuransi MAIPARK Indonesia was profitable with a return on equity of 15% in 2020 (unaudited) (three-year average: 12%) due to prudent underwriting practices, satisfactory investment results and a strong retrocession programme, notes Fitch Ratings Indonesia.

    Asia | 26 Feb 2021
  • Qatar: Oman Re grows with new branch at QFC

    Oman Re, the sole reinsurer based in Oman, has launched its branch at the Qatar Financial Centre (QFC) in Doha to provide its regional clients with greater access to its underwriting expertise and capacity. The establishment of the branch follows the receipt of necessary regulatory approvals.

    Middle East | 25 Feb 2021
  • MENA: Insurers should brace for a tougher reinsurance environment

    Change in the reinsurance equation is imminent and insurers in the MENA region, especially small institutions, are going to bear the brunt of changes unless they take the right measures, executives at a webinar organised by General Arab Insurance Federation (GAIF) have warned, while voicing the need to establish a strong regional reinsurer.

    Middle East | 25 Feb 2021
  • Hong Kong: Govt proposes pilot ILS grant scheme

    The Hong Kong government has proposed launching a two-year Pilot Insurance linked Securities (ILS) Grant Scheme to attract insurance enterprises or organisations to issue ILS in the territory.

    Asia | 25 Feb 2021
  • Global: COVID-19 expected to boost reinsurance growth despite losses faced by reinsurers

    Paris headquartered SCOR says that COVID-19 is helping to create the conditions for stronger reinsurance growth along with a positive pricing dynamic, even though the pandemic cost the global reinsurance company EUR640m ($777m) in 2020.

    Asia | 25 Feb 2021
  • Thailand: Pacific Life Re forms strategic partnership with ThaiRe Life

    Pacific Life Re and ThaiRe Life Assurance (ThaiRe Life) have signed a collaboration agreement to provide sustainable life reinsurance solutions to Thailand-based life insurance operators, according to a statement issued yesterday by Pacific Life Re.

    Asia | 23 Feb 2021
  • India: Reinsurance market shows red ink in FY2020

    The reinsurance sector in India reported aggregate losses for for the financial year ended 31 March 2020 (FY2020), compared to profits for FY2019, according to the IRDAI's "Annual Report 2019-2020" released recently.

    Asia | 23 Feb 2021

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