Mr Achim Bosch has taken over the position of CEO of Deutsche Rückversicherung (Deutsche Rück). The Supervisory Board of Deutsche Rück appointed him CEO on 18 November 2024. Mr Bosch joined Deutsche Rück in 2019 and has been a member of the Board of Executive Directors since.
Speaking at the Lujiazui Forum on June 19, National Financial Regulatory Administration (NFRA) Property Insurance Department director-general Yin Jiang'ao said that China's reinsurance sector remains underdeveloped relative to the size of its primary insurance market.
These are the updates on insurance regulatory developments in China.
Cyprus-headquartered reinsurance brokerage COPE has been approved as a Lloyd's coverholder, the company has announced.
Howden, a global insurance intermediary group, yesterday announced that it had received regulatory approval to launch a reinsurance operation in the Kingdom of Saudi Arabia (KSA)
Cameroon's government has submitted a draft law to Parliament which, when passed, would require insurance companies to cede part of their premiums and reinsurance contracts to local entities.
African Reinsurance Corporation (Africa Re) and the United Nations International Children's Emergency Fund (UNICEF) have signed an agreement to support climate change education and the development of green skills.
FWD Group Holdings' (FWDGHL) bottom line, underpinned by sustained growth through both onshore and offshore channels in Hong Kong and a solid business presence in Thailand, is expected to continue to improve in 2025 according to Fitch Ratings. The group's growth is also expected to benefit from its established bancassurance channel.
Mr Reynaldo A Regalado, Insurance Commissioner of the Philippines, has been elected as the chairman of Asian Reinsurance Corporation (Asian Re).