Marsh, the world's leading insurance broker and risk advisor, yesterday announced that specialist insurer Beazley is to offer clients that opt in to Marsh's Environmental, Social, and Governance (ESG) Risk Rating (ERR), global access to additional capacity through its Lloyd's of London Syndicate 4321, subject to the ERR score meeting Beazley's threshold.
The African Insurance Organisation (AIO) will mark its 50th anniversary today in conjunction with the 48th annual AIO Conference and Annual General Assembly in Nairobi, Kenya.
The 6th Saudi Insurance Symposium (SIS) will be held in Riyadh on 28-29 September 2022, the General Insurance Committee (GIC) has announced.
Resolution Life, the long-term legacy life insurance solutions provider, has announced that its Bermudian reinsurance platform, Resolution Re, has entered into a reinsurance agreement with The Dai-Ichi Life Insurance that transfers a closed book of whole of life policies with JPY150bn ($1.1bn) in total liabilities. The agreement relates to coverage for market risks and insurance risks.
The African Development Bank has signed an agreement to invest in the Joint Reinsurance Company of Member States of the Conférence Interafricaine des Marchés d'Assurances (CICA-Re).
The reserve volatility of Kenya Reinsurance Corporation (Kenya Re) is expected to subside now that the reinsurer has now largely exited crop business, says AM Best. Kenya Re has a recent history of severe reserve deficiencies relating to crop business.
Saudi Reinsurance Company (Saudi Re) is expected to maintain its strong balance sheet and track record of underwriting discipline and ensure risk management while pursuing growth opportunities, says Moody's Investors Service.
Registration for the Singapore International Reinsurance Conference (SIRC) opens today (Monday 20 June) from 8am SGT on the 18th SIRC website at https://www.sirc.com.sg.
Moody's Investors Service has placed on review for downgrade the A3 insurance financial strength rating (IFSR) of Peak Reinsurance Company (Peak Re). The outlook has been changed to "Ratings under review" from "Stable".