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Reinsurance tag returned 2104 results

  • Oman Re achieves 35% increase in net profit for first 9 months

    Oman Re, the sole reinsurer in the Sultanate of Oman, says that it recorded a 35% surge in net profit after tax, reaching OMR1.8m ($4.7m) as opposed to OMR1.3m during the first nine months of 2022.

    Middle East | 29 Nov 2023
  • SIRC: Energy, passion and informed debate

    This year's Singapore International Reinsurance Conference (SIRC) showed how critical informed discussion is in advancing the role of reinsurance as an enabler of a sustainable future for mankind. This can be considered to be the direct result of the years of extensive curation and endeavour that the Singapore Reinsurers' Association (SRA) - and in particular its chair Marc Haushofer and outgoing executive director Jeffrey Yeo - put into making the SIRC a preeminent reinsurance event globally.

    Asia | 28 Nov 2023
  • Tanzania: East Africa Reinsurance establishes subsidiary

    Nairobi-headquartered East Africa Reinsurance Company (EARe) has expanded its operations by establishing a subsidiary in Tanzania, called East Africa Reinsurance (Tanzania) Company.

    Africa | 27 Nov 2023
  • Indonesia: Tugure focuses on improving underwriting gains

    Tugu Reasuransi Indonesia's (Tugure) GPW growth slowed to 3% year on year in the first nine months of this year (9M23), compared with 24% growth in 2022, as it aimed to improve its underwriting result rather than focus on the top-line, notes Fitch Ratings Indonesia (Fitch).

    Asia | 27 Nov 2023
  • Azerbaijan: AzRe reports low loss ratios

    AzRe Reinsurance, the only reinsurance company in Azerbaijan, has achieved strong operating results in recent years, as demonstrated by a five-year (2018-2022) weighted average return on equity of 19.8%, notes AM Best.

    Middle East | 26 Nov 2023
  • China Re posts average return-on-equity ratio of 5.0% during 2018-2022

    China Reinsurance (Group) Corporation (China Re) has been consistently profitable over the past five years, with an average return-on-equity ratio of 5.0% (2018-2022), mainly supported by returns on interest income sourced from fixed-income investments, which comprise the majority of its investment portfolio, says AM Best.

    China | 24 Nov 2023
  • India: AM Best upgrades GIC Re's rating outlooks

    General Insurance Corporation of India (GIC Re) produces an adequate operating performance, supported by a five-year average return-on-equity ratio of 5.3% (FY2019-2023), says AM Best.

    Asia | 24 Nov 2023
  • Egypt: Misr Insurance to be new manager of FAIR Non-life Reinsurance Pool

    Misr Insurance Company, Egypt's biggest general insurer, will assume the management of a non-life reinsurance pool affiliated to the Federation of Afro-Asian Insurance and Reinsurance (FAIR).

    Middle East | 23 Nov 2023
  • Eurasia: Industry leaders outline insurance developments in Azerbaijan, Kyrgyzstan and Northern Cyprus

    Azerbaijan's insurance industry is profitable, Kyrgyzstan turns to compulsory lines of business to increase insurance penetration while Northern Cyprus plans to launch e-insurance policies.

    Middle East | 22 Nov 2023
  • 28th FAIR Conference: AI is vital to insurance by default

    By default, AI is important to insurance - if only because peer pressure will make it so, according to Mr Mohammad Abandah, chief legal and compliance counsel, Middle East, Aon.

    Middle East | 22 Nov 2023

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