The reinsurance and insurance markets today are characterised by a lot of instability and a lot of change, said Swiss Re chief underwriting officer specialty p&c insurance Anne Lohbeck. She said this during an interview with Asia Insurance Review conducted on the margins of SIRC 2024.
Hannover Re, one of the world's leading reinsurers, has raised its profit target for 2024 and expects Group net income of around EUR2.4bn ($2.56bn) for 2025.
Hannover Re has appointed Mr Clemens Jungsthöfel as CEO and Dr Christian Hermelingmeier as CFO, both effective 1 April 2025.
The Moroccan insurance sector has generated a net profit of MAD3.1bn ($312.5m) in the first half of 2024, 3% higher compared to the corresponding half in 2023, according to data from the Insurance and Social Welfare Supervisory Authority (ACAPS). This performance was due to improved technical results.
The Australian Prudential Regulation Authority (APRA) is studying ways to promote general insurers' access to reinsurance, including alternative reinsurance arrangements.
Reinsurance: SCOR's P&C profitability restored; L&H earnings under pressure Global reinsurer SCOR's P&C results are to remain strong in 2024 and 2025, says Fitch Ratings. However, the L&H results are expected to be negative in 2024, but to recover in 2025.
The insurance industry in Singapore is in a prime position to reshape how graduates perceive career opportunities within the sector, according to new research commissioned by Canopius Group (Canopius), an international specialty and P&C (re)insurer.
Kuwait Re has posted a 29% year on year increase in net profits after zakat to KWD9.5m ($31m) for the first nine months of this year on the back of a surge in investment income.
Price Forbes Singapore has appointed Ms Jennifer Gray as director of professional risks and healthcare. In her new role, she will focus on effectively managing and expanding Price Forbes' professional lines and healthcare portfolio, leveraging her experience to drive growth through both domestic and international markets.
Amid the growth in demand for reinsurance, driven by four major transitions - climate, energy, digital, and demographic - Singapore will reinforce its status as Asia's leading reinsurance hub through several approaches, according to Singapore deputy prime minister, minister for trade and industry and chairman of the Monetary Authority of Singapore (MAS) Gan Kim Yong.