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Reinsurance tag returned 2120 results

  • Africa Specialty Risks plans to launch Lloyd's syndicate in 2024

    Africa Specialty Risks (ASR), a pan-African focused (re)insurance group, has received Lloyd's Council 'in-principle' approval to launch a Lloyd's syndicate in 2024, with Apollo Syndicate Management, the market-leading innovative integrated insurance group.

    Africa | 11 Dec 2023
  • One Acre Fund Re launched to protect smallholder farmers against weather risks

    One Acre Fund, an agricultural service provider that supports Africa's smallholder farmers in building resilience, has launched a reinsurance facility that will safeguard smallholder farmers in the face of extreme weather events' devastating impact on crop yields.

    Africa | 11 Dec 2023
  • Continental Reinsurance's earnings boosted by FX gains from holding US$ assets

    Lagos-headquartered Continental Reinsurance's (CRe) adequate operating performance assessment reflects its modest overall profitability and volatile underwriting performance, says AM Best.

    Africa | 11 Dec 2023
  • West Africa: Insurers urged to implement IFRS 17

    Insurance companies that are members of the West African Insurance Companies Association (WAICA) are being urged to adopt the International Financial Reporting Standard (IFRS) 17.

    Africa | 11 Dec 2023
  • ASEAN Reinsurance Working Committee members sign MoU on Renewable Energy Pool

    Members of the ASEAN Reinsurance Working Committee (ARWC) have signed a Memorandum of Understanding (MoU) to support underwriting capacity and set up the terms for the establishment of the ASEAN Renewable Energy Pool (AREP) under the supervision of ASEAN Insurance Council (AIC).

    Asia | 11 Dec 2023
  • Korean Re to cut exposure to overseas property CAT risks

    Korean Reinsurance Company (KRE) plans to reduce its exposure to property catastrophe risks overseas, while trying to expand non-catastrophe business segments such as casualty and specialty lines, says AM Best.

    Asia | 11 Dec 2023
  • Pakistan: Direct gross premiums jump by 27% in 2022

    The insurance industry in Pakistan chalked up revenue growth of 27% increase in 2022, with the direct gross underwritten premium amounting to PKR579bn ($2bn), compared to PKR455bn in 2021, according to the 2023 annual report of the Securities & Exchange Commission of Pakistan (SECP).

    Asia | 11 Dec 2023
  • Moody's changes outlook on 10 insurers

    Moody's Investors Service yesterday changed to 'Negative" from 'Stable' the outlooks on nine Chinese insurers and a related overseas subsidiary, following Moody's affirmation of the Government of China's issuer rating at 'A1' and change in the outlook to 'Negative' from 'Stable' on 5 December.

    China | 08 Dec 2023
  • Experts share insights and insurance industry outlook at 15th China Rendezvous

    The 15th China Rendezvous marked its notable return after a three-year hiatus when it was held in Beijing on 1 December. This year's theme, "Embracing the New Era of Excellence - The Future Map for Insurance", highlights the potential of China's insurance industry, the world's second-largest insurance market.

    China | 08 Dec 2023
  • Mongolian Re expects expense ratio to fall with premium growth

    Mongolian National Reinsurance (Mongolian Re) projects that it would reduce its expense ratio gradually while expanding its premium scale and improving its operating efficiency over the short to intermediate term, according to AM Best.

    Asia | 08 Dec 2023

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