The International Finance Corporation (IFC) has proposed granting a guarantee facility of up to $50m to ZEP-Re to cover the reinsurance credit risk of the Nairobi-headquartered reinsurer.
The US International Development Finance Corporation (DFC) has announced that it would provide marine reinsurance in the Gulf region for losses of up to approximately $20bn on a rolling basis.
Aon has appointed Mr George Attard Global Head of Analytics for Reinsurance. He retains his role as Chief Strategy Officer for Reinsurance Solutions.
The Commissioner for Insurance and CEO of the National Insurance Commission, Mr Olusegun Omosehin, has emphasised the need for sustained collaboration among stakeholders to drive meaningful change in the insurance industry.
Prime Minister Li Qiang, in delivering the government work report at the opening yesterday of the annual National People's Congress meeting, highlighted several targets for the insurance industry.
China United Insurance Group has appointed Mr Liu Yuanzhag as Chairman. The decision was made with the approval of the Board of Directors and National Financial Regulatory Administration. At the same time, the company relieved Mr Liu of his position as interim head of the company.
(Re)insurers in the Middle East will be closely monitoring the conflict taking place in the region as it spreads across the countries in the GCC and the Levant region.
Paris-headquartered global reinsurer SCOR has reported a net income of EUR851m ($990m) for the financial year ended 31 December 2025, according to financial statements released yesterday by the company.
Alpha Reinsurance Joint Stock Company (AlphaRe) has been officially launched as Vietnam's third dedicated reinsurer.