Qianhai Reinsurance's non-life underwriting results are expected to face negative pressure from some major catastrophe and risk losses in 2021, including the Henan floods in China in July, says AM Best.
Global insurance broker Arthur J. Gallagher & Co has completed the acquisition of substantially all of the treaty reinsurance brokerage operations from Willis Towers Watson.
Non-life reinsurance profitability in the global market was slightly up in 2019-2020 during which there was a slight decrease in the average combined ratio of the global non-life reinsurance market, says the International Association of Insurance Supervisors (IAIS).
Oman Reinsurance Company (Oman Re), the Sultanate's first and only reinsurer, undertook an initial public offering on Muscat Stock Exchange (MSX) last month from which it raised OMR2.62m ($6.8m) in fresh equity.
The Insurance Board, Nepal's insurance regulator, in a recent circular has mandated all life and non-life insurance companies to seek 100% reinsurance support from domestic reinsurance companies only.
Australian Reinsurance Pool Corporation (ARPC) and University of Queensland (UQ) Business School will jointly conduct new research on the evolving experience and meaning of terrorism in Australia and internationally.
Aon, a leading global professional services firm, has announced that Aon Reinsurance Brokers Saudi Arabia (ARBS) has commenced operations after receiving a reinsurance broking licence from the Saudi Central Bank (SAMA).
Richmond Reinsurance Brokers (RRB) is set to launch an expansion plan in the Asia Pacific region with its first footprint in Taiwan.
The Insurance Regulatory and Control Authority (ARCA) of the Democratic Republic of the Congo (DRC) has estimated that the size of the insurance market in the country is $800bn, eight times that of its actual size at present.
China Reinsurance (Group) Corporation (China Re) has a five-year average return-on-equity ratio of 6.5% (2016-2020), mainly attributed to favourable investment returns, notes AM Best.