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Reinsurance tag returned 2110 results

  • Latest report highlights impact of inflation on ASEAN insurers

    The surge in inflation influenced much of 2022, resulting in a tightening of monetary policy - and in turn - capital market volatility and a depreciation of currencies in some emerging markets, according to a recent report by Malaysian Re.

    AIRPlus | 06 Dec 2023
  • Malaysian Re focusses on growing overseas business

    Malaysian Reinsurance remains focused on gradually expanding its overseas business while reducing dependence on local business for growth, says Fitch Ratings. The share of overseas business grew to 52% of gross premiums in the financial year ended 31 March 2023 [FY2023] (FY2022: 48%), overtaking the domestic share for the first time.

    Asia | 06 Dec 2023
  • African Re's underwriting performance threatened by adverse forex movements

    African Reinsurance Corporation's performance in 2023 and prospectively is expected to be in line with the trend in recent years, supported by strict underwriting, though adverse foreign currency movements are expected to weigh negatively on overall earnings, says AM Best.

    Africa | 04 Dec 2023
  • AM Best maintains 'Stable' outlook on global reinsurance industry on rate improvements

    The market segment outlook for the global reinsurance segment remains 'Stable', says AM Best, citing substantial rate improvement, primarily in property lines, with higher average attachment points expected to result in widening profit margins.

    Asia | 04 Dec 2023
  • The future of insurance: Insights from the 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.

    Asia | 04 Dec 2023
  • Global reinsurance giant announces new IFRS targets for 2024

    Swiss Re has announced new IFRS targets, including a net income of more than $3.6bn for 2024 and a multi-year ROE of more than 14%.

    Asia | 04 Dec 2023
  • 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

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