Singapore Reinsurance Corporation (Sing Re) has secured the reinsurance branch licence by the International Financial Services Centres Authority (IFSCA) to operate as an IFSC Insurance Office (IIO) in India's Gujarat International Finance Tec-City (GIFT City).
Natural Hazards Commission (NHC) has secured a significant boost in reinsurance protection for New Zealand, with NZ$10.3bn ($6.2bn) locked in from 1 June 2025 to help protect homeowners from the impact of natural hazards.
These are the updates on insurance regulation across China this week.
The African Reinsurance Corporation (Africa Re) has posted a 32.5% jump in net profit to $22.5m for the first three months of 2025, compared to $16.9m achieved in 1Q2024, according to a statement released by Africa's biggest reinsurer.
Reinsurance Group of America (RGA) has reached an agreement with Dai-ichi Life for an RGA subsidiary to reinsure JPY150bn ($1.05bn) of statutory reserves through coinsurance.
Hong Kong-based FuSure Reinsurance Company has focused on developing its market presence and competitive advantage in health and accident lines in the Greater China region since its establishment in 2021, while leveraging its parent group Tencent's support in business development, product innovation and distribution according to a new report by AM Best.
S&P Global Ratings (S&P) has revised its outlook on Doha Insurance Group (DIG) to 'Positive' from 'Stable'. At the same time, the global credit rating agency affirmed its 'A-' insurer financial strength and long-term issuer credit ratings for the company.
Continental Reinsurance Group has announced appointments to both the group and to the Nigerian entity levels.
AM Best has upgraded the Financial Strength Rating to B++ (good) from B+ (good) and the Long-Term Issuer Credit Rating to 'bbb' (good) from "bbb-" (good) of Asian Reinsurance Corporation (Asian Re) (Thailand). The outlook of these Credit Ratings (ratings) is stable.
Howden Re reports continued moderation in P&C reinsurance pricing at 1 June 2025, with a selective return of capacity following historic pricing strength. Reinsurers expanded appetite modestly with a focus on core relationships whilst maintaining underwriting discipline in a nuanced pricing environment.