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Reinsurance tag returned 1277 results

  • Pakistan: Federal govt to offer 20% stake in reinsurer

    The Pakistani government aims to sell 60m shares or 20% of the equity of Pakistan Reinsurance Company (PAKRE) via a secondary public offering.

    Asia | 06 Aug 2021
  • Hong Kong: Peak Re to acquire fully Caribbean insurance group

    Hong Kong-headquartered Peak Reinsurance has reached a definitive agreement to acquire the remaining 50% issued share capital of the Caribbean insurance group NAGICO Holdings that it does not already own.

    Asia | 04 Aug 2021
  • Nigeria: Govt in long-running court battle over takeover of insurer and reinsurer

    A Federal High Court has issued an interim order restraining the Asset Management Corporation of Nigeria (AMCON) from taking over the board and management of NICON Insurance and Nigeria Reinsurance Corporation (Nigeria Re).

    Africa | 02 Aug 2021
  • Reinsurance: Swiss Re posts strong profit of US$1bn in 1H2021

    Swiss Re has reported a Group net income of $1bn and an ROE of 8.2% in the first half of 2021, with very strong performance in the property and casualty businesses amid diminishing COVID-19-related impacts.

    Asia | 02 Aug 2021
  • Revised reinsurance rules to come into force on 1 Dec 2021

    The CBIRC yesterday published revised rules for reinsurance business that will take effect from 1 December 2021. The amended regulations aim to strengthen risk management in the reinsurance activities of direct insurers, and to promote the development of the reinsurance market.

    China | 30 Jul 2021
  • Reinsurance: WAICA Re pays net claims of $30.5m

    West African Reinsurance Corporation WAICA Re has reportedly incurred net claims of $30.5m during the financial year 2020, marking a 63% increase from the $18.7m in claims registered in 2019.

    Africa | 26 Jul 2021
  • China: State-owned reinsurer expects 1H net profit to jump by 55-65% year-on-year

    China Reinsurance, the country's biggest reinsurer, has announced preliminary estimates indicating that the net profit attributable to the equity shareholders of the parent company of the Group for the first half of 2021 may increase by approximately 55% to 65% as compared to the corresponding period for the year 2020.

    Asia | 26 Jul 2021
  • Taiwan: Central Re maintains positive operating results

    Taiwan's Central Reinsurance Corporation continued to expand its business in 2020 while maintaining a track record of positive operating results over the past five years, supported by positive results in its underwriting and investment portfolios, notes AM Best.

    Asia | 26 Jul 2021
  • Reinsurance: Casualty proves value as good diversifier, says Aon

    Casualty is proving its value as a good diversifier for reinsurers, especially given positive primary rate movements in recent years. Casualty placements achieved more aggressive insurer language as a result of relatively ample capacity, says Aon in its July 2021 "Reinsurance Market Outlook".

    Asia | 23 Jul 2021
  • Thailand: Thaire Life posts strong operating results but intermediate-term pressures grow

    The operating performance of Thaire Life Assurance Public Company (Thaire Life) - the only domestic life reinsurer in Thailand -is assessed as strong, with the company having reported a five-year weighted average return-on-equity ratio of 19% (2016-2020), notes AM Best.

    Asia | 23 Jul 2021

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