Oman Reinsurance's financial performance and earnings are good, says Fitch Ratings.
French global reinsurer SCOR has successfully sponsored a new catastrophe bond, Atlas Capital DAC Series 2023-1, which will provide the Group with a multi-year risk transfer capacity of $75m to protect itself against named storms in the US, and earthquakes in the US and Canada, as well as European windstorms.
The National Insurance Commission (NIC) has said that 98% of insurance entities in the country have met the minimum capital requirement that was announced in June 2019.
The Singapore Reinsurers' Association (SRA) has announced that this year's 19th Singapore International Reinsurance Conference (SIRC) will be an all in-person event following the overwhelming success of last year's in-person event, which drew a record attendance of over 2,200 delegates from 62 countries.
GIC Re's financial results are summarised below:
The prospective operating results of Qatar General Insurance & Reinsurance Company (QGIRC) are expected to be supported by the company's increased focus on selective underwriting, along with steady commission income, says AM Best.
Start-up reinsurer FuSure Reinsurance Company's current underwriting portfolio is concentrated on health and accident lines in the Greater China region, notes AM Best.
Changes in regulatory policies and market demand have led to higher requirements for talent in the mainland Chinese insurance market.
The Indonesian regulator's proposal to raise minimum paid-up capital requirements for insurers may initiate a capital inflow into the sector, strengthening insurers' capital profiles and supporting the industry's development, Fitch Ratings says.