Malaysian Reinsurance's underwriting performance improved sharply in the financial year ended 31 March 2024 (FY2024), with an insurance/takaful service result of MYR341m [$77m] (FY2023: loss of MYR2m), driven by lower catastrophe losses, says Fitch Ratings.
The slowdown in premium increases within the commercial insurance market has continued in recent months, with indications that the New Zealand market is now entering a softer market phase, says Gallagher New Zealand (formerly known as Crombie Lockwood).
Miller has appointed Mr Guy Pierpoint to its marine team in a leadership role focusing on business development.
The 11th Middle East Insurance Industry Awards (MIIA) honoured 19 exceptional winners yesterday in a ceremony at Altantis the Palm, Dubai, United Arab Emirates.
The Insurance Association of Turkey (TSB) has outlined its expectations for 2025 for the industry.
Millî Reasürans Türk Anonim Sirketi (Milli Re) has shown an improvement in its consolidated balance sheet strength fundamentals, notably through increased risk-adjusted capitalisation, as measured by Best's Capital Adequacy Ratio (BCAR).
The insurance sector in Morocco continues its upward trajectory, with a significant increase in premiums in the first nine months of this year, according to data released by the Insurance and Social Security Supervisory Authority (ACAPS).
London-based Oak Reinsurance (OAK Re), a global reinsurance company, has announced that its Lloyd's Syndicate 2843 has received permission to underwrite business incepting from 1 January 2025. This follows the approval in principle that was received in September 2024.
The age profile of Australians working in insurance is skewing older and the talent gap is getting wider, said AXA XL country leader, Australia Catherine Carlyon.
Life insurance remains a good source of diversification for large global reinsurers, says AM Best.