Dusseldorf-headquartered international multiline reinsurer, Deutsche Rück Group, further expanded its business in the 2024 financial year while simultaneously strengthening its financial position, the group said in a statement released yesterday.
Aon and Moody's Insurance Solutions have announced the expansion of their reinsurance casualty collaboration into commercial risk.
The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) has appointed Mr Scott Hawkins to its Board.
Zambia Reinsurance has posted an 83% surge in net profit to ZMW28.5m ($1.05m) in the financial year ended 31 December 2024, compared to 2023, according to the company's financial statements lodged with the Lusaka bourse. The increase was achieved on the back of strong revenue growth, investment income and exchange gains.
AXA XL has appointed to its India branch Mr Akash Jain as underwriting assistant; Mr Alok Shukla as CEO of XL Insurance Company - India Reinsurance Branch; Ms Priya Manchanda as claims specialist; Mr Saumitra Sharma as CUO; Mr Saurabh Bhootara as property, energy and construction underwriter and Mr Vinod Kumar as assistant underwriter.
Pacific Life Re has appointed Mr Kenichi Kim as head of South Korea. In his new role, he will oversee the company's growth and operations in the region.
Regional reinsurer Arab Insurance Group (Arig) has reported a consolidated net profit of $1.6m attributable to shareholders for the first quarter of 2025, a fall of 81% from the $8.3m posted for the first three months of 2024.
Australian Reinsurance Pool Corporation (ARPC) has released updated analysis showing that the Cyclone Reinsurance Pool (cyclone pool) is delivering significant downward pressure on insurance premiums, and improving insurance availability for Australians living in cyclone-prone areas.
Modern technological tools must be integrated into the insurance business in Arab markets, and operators have to exert greater efforts to deal with the challenges that emerge with the use of technology, said the General Arab Insurance Federation (GAIF) secretary-general Chakib Abouzaid.
The insurance sector in Jordan has seen notable progress since the Central Bank of Jordan (CBJ) took over supervision of the sector in 2021, said the chairman of the Jordan Insurance Federation (JIF) Majed Smairat at the opening of the AqabaConf 2025 yesterday in Aqaba, Jordan.