Miller has appointed Ms Elizabeth McGonagle as head of power, APAC, effective January 2025.
State-owned Mongolian National Reinsurance (Mongolian Re) has projected that it would gradually manage down the management expense ratio by expanding its premium scale and improving its operating efficiency over the short to intermediate term, noted AM Best.
Continental Reinsurance (CRe) has taken steps to improve its capital management capabilities and is targeting more moderate growth over the medium term, notes AM Best.
Reinsurance usage is on the rise, evidenced by declining retention ratios in the global insurance market, says the International Association of Insurance Supervisors (IAIS).
The Turkish reinsurance market is in a more positive situation this year compared to last year, according to senior industry executives.
The outlook for the insurance sector in 2025 remains stable, albeit amid an uncertain macroeconomic and geopolitical landscape, says the International Association of Insurance Supervisors (IAIS).
Aon has appointed Mr Robert O'Connell as global cyber strategy and growth leader and executive managing director of Reinsurance Solutions.
When asked what role innovation could play in maintaining competitiveness in the reinsurance industry, Everest Re CEO, APAC Kevin Bogardus was keen to point out that reinsurers need to be responsive to the needs of clients and the marketplace and to be solutions providers.
When asked what he expected to see in 2025, UIB Asia CEO Francis Savari first indicated that because the growth momentum in Asia would continue on a macro level, he expected that the more peripheral insurance-related mechanisms in Asia would also proceed at pace.
Non-life insurance companies are considering joint reinsurance to share business with reinsurers as the Bank of Korea lowered interest rates for the second consecutive month in November 2024.