Mumbai-headquartered Mahindra Insurance Brokers, part of the Mahindra Group, has announced the opening of its reinsurance office at Dubai International Financial Centre (DIFC), according to a statement posted on the DIFC website.
Although Managing General Agents (MGAs) are in their infancy in China, they are gaining ground in key financial centres in the country such as Beijing, Shanghai and Shenzhen, according to Global Insurance Law Connect (GILC), a network of specialist insurance law firms.
While Managing General Agents (MGAs) are being recognised as a useful innovation tool in less developed insurance markets, they are currently not eligible to operate in India, according to Global Insurance Law Connect (GILC), the network of specialist insurance law firms.
Aon has appointed Mr Paul Schultz as global vice chair of reinsurance solutions and Mr Richard Pennay as CEO of Aon Securities.
The Central Reinsurance Company (CCR) achieved gross premium income that increased sharply by 14.6% to DZD46.5bn ($350m) in 2023, compared to the previous financial year.
Saudi Reinsurance Company has announced the appointment of Mr Ahmed Al-Jabr as its new CEO, effective 1 October 2024.
Reinsurers domiciled in the Middle East and North Africa (MENA) region continued to benefit from positive pricing momentum over the recent renewal periods, albeit to a lesser extent than the global reinsurance market, according to a new report from AM Best.
Specialty MGA Africa & Middle East, a new provider of bespoke (re)insurance solutions, has launched with a new office in Casablanca after receiving approval from the Moroccan Minister of Finance.
Swiss Reinsurance Company's (Swiss Re') operating performance metrics, particularly in more recent years, have been supportive of a strong operating performance assessment, says AM Best.