In a major step toward global collaboration on disaster risk finance, four Regional Risk Pools convened in Frankfurt in April 2025 for a CEO Summit hosted by Frankfurt School of Finance & Management, to put shared commitments into action - backed by a new EUR 4.7m ($5.3m) grant supporting joint solutions, capacity building and knowledge-sharing across continents.
Africa Reinsurance Corporation (Africa Re), the leading African reinsurer, has reported a record profit for the second consecutive financial year in 2024 which amounted to $132.36m compared with $128.45m in 2023, translating into an increase of 3.05%, a demonstration of its resilience.
Hannover Life Re of Australasia (HLR Aus), a unit of Hannover Re, has agreed to acquire the Australian direct life insurance portfolio from Swiss Re Life & Health Australia, operating under the iptiQ brand.
Moody's Ratings has affirmed the Baa1 insurance financial strength rating (IFSR) on Peak Re.
Miller has appointed Ms Judith Zeleny as global head of origination, strategic advisory for its reinsurance practice.
Africa Specialty Risks (ASR) has appointed Mr Trevor Oates as head of reinsurance.
Managing general agents (MGAs) have to adapt to the increasing focus on environmental, social and governance (ESG) in the aviation and energy insurance segments in the Middle East, as in the wider insurance market.
Japanese insurance companies are expanding overseas and making acquisitions primarily because the domestic market has matured, with limited growth potential due to a shrinking and aging population, according to the latest report by AM Best.
SCOR SE has come under examination as a legal entity in connection with a judicial investigation in France, related to facts attributed to an association which allegedly attempted to obstruct the acquisition of Partner Re by the Covéa group in 2022.
AM Best has assessed Kay International AMEA's MGA operations (United Arab Emirates) as 'PA-3' (Strong) with a 'Stable' outlook.