Africa Specialty Risks (ASR), the pan-African-focused reinsurance group, has announced that its energy division's capacity has increased to $38m, provided through an ongoing relationship with India's GIC Re and Hong Kong-headquartered Peak Re.
AXA has announced that AXA SA, the holding company of AXA Group, has obtained its reinsurance licence from the Autorité de Contrôle Prudentiel et de Résolution (ACPR - the French Prudential Supervision and Resolution Authority).
Eleven InsurTechs have joined the eighth cohort of Lloyd's lab programme. This global programme brings together InsurTechs, insurers and brokers to test out new, innovative solutions and create insurance products to address the issues and challenges facing the Lloyd's market.
The world's largest reinsurer Munich Re Group has reported a first-quarter profit of EUR608m ($640m) for 1Q2022 compared to EUR589m for the corresponding quarter in 2021.
Nominations are now open for the 9th Middle East Insurance Industry Awards (MIIA), organised by Middle East Insurance Review (MEIR), which aims to recognise and salute excellence in the MENA insurance sector, and promote greater professionalism in the market.
Sydney-headquartered QBE Re has announced significant changes to its organisational structure as part of its strategy to further align and unify the global structure of the business.
Paris-headquartered French global reinsurer SCOR has set aside provisions of EUR85m ($90m) for risks related to the conflict in Ukraine, the company says in its 1Q2022 financial statements.
Swiss Re has reported a net loss of $248m for 1Q2022, due to the war in Ukraine, heightened financial market volatility and the ongoing COVID-19 pandemic.
QBE Insurance Group, Australia's largest international insurance and reinsurance company, has said that it currently expects to have some exposure to the broader Russia-Ukraine conflict across a number of lines such as political violence, political risk and aviation.
The Australian Prudential Regulation Authority (APRA) has released a letter to general insurers on consequential amendments to the prudential framework to support the operation of the government's cyclone and cyclone related flood damage reinsurance pool.