Ghana Reinsurance (Ghana Re) has presented a cheque of GHC12m ($1.3m) to its sole shareholder, the government of Ghana as a dividend for the 2021 financial year.
The Australian Prudential Regulation Authority (APRA) has published its updated plan to reinforce the financial soundness of the insurance, banking and superannuation industries over the next four years 2022 to 2026.
Leading global reinsurer Munich Re generated a profit of EUR1,376m ($1,409m) in the first six months of 2022 and EUR768m in the second quarter.
The Saudi General Insurance Committee has announced that the sixth Saudi Insurance Symposium -- with an expected turnout of more than 1,000 Saudi, GCC and Middle Eastern insurance professionals, experts, and companies -- will take place from Wednesday 28 to Thursday 29 September 2022.
Fitch Ratings has assigned Dai-ichi Life Reinsurance Bermuda (Dai-ichi Life Re) an 'AA-' (Very Strong) Insurer Financial Strength (IFS) Rating. The outlook is 'Stable'.
Argenta Underwriting Asia (AUA) has announced that it will cease writing new and renewal business in Singapore with immediate effect.
China's "dynamic zero-COVID" policy is expected to continue to be implemented well into 2023, says Fitch Ratings in a report released last week which is titled "APAC Exposure to Slower China Growth".
AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating of "a" (Excellent) from "a-" (Excellent) of Singapore Reinsurance Corporation (Singapore Re). The outlook of these credit ratings is 'Stable'.
Mitsui Sumitomo Insurance (MSI) will acquire US reinsurance broker Transverse Insurance Group for an estimated $400m.
Kuwait Reinsurance Company has announced a net profit of KWD4.0m ($13.0m) for the first half of 2022, 14.7% higher than the KWD3.5m posted for the corresponding half in 2021.