Allianz Partners has appointed Mr Okan Özdemir as chief officer for health and board member. In his new role, Okan will continue to strengthen Allianz Partners' health line of business and health portfolio worldwide, while expanding its market leadership in the global health segment.
Nine out of 10 insurance investment managers think climate risk and its impact will become more important to their portfolios and strategies in the next three years according to a new research.
A new study that analysed the severe heatwaves that occurred over the past quarter century has revealed that these could not have happened without human-caused climate change.
Global reinsurers built their capital by at 4.8% to $805bn, as of 1H2025, an increase of 4.8% versus the restated full-year 2024 base, according to Gallagher Re's "Reinsurance Market Report: Results for half-year 2025", published earlier this month. The increase was supported by solid retained earnings.
SCOR has successfully completed the placement of EUR500m ($585.36m) fixed to floating rate subordinated notes with institutional investors, maturing on 10 September 2055, and eligible as Tier 2 regulatory capital under Solvency II. The transaction met strong investor demand.
Willis has announced the launch of its newly established global risk engineering team, an expansion of its global risk and analytics business.
Nasdaq Dubai, an international financial exchange in the Middle East, holds about 31% of global hard-currency sukuk outstanding, giving the UAE a competitive edge within the GCC and core Islamic finance markets, says Fitch Ratings.
AI is set to transform the marine insurance sector, presenting both significant opportunities and pressing challenges, said speakers at the International Union of Marine Insurance (IUMI) annual conference in Singapore.