Asian Reinsurance Corporation's (Asian Re) operating performance, though marginal, is on an improving trend, notes AM Best.
An open architecture for insurance agents, the review of rules covering investment distribution and the development of natural disaster insurance are among issues that the insurance industry in India wants the new federal government to address.
The value of revenues earned worldwide by MGA, MGU and cover-holder groups (a.k.a. delegated underwriting authority / underwriting agency groups) was around $23.9bn in 2023, according to an analysis by Insuramore.
Société Tunisienne de Réassurance (Tunis Re) showed an average return-on-equity ratio of 7.6% from 2019 to 2023, says AM Best.
The sale of a 10% stake in Qianhai Reinsurance Co has been finalised around two years after the purchaser made a successful bid for the related shares.
SEADRIF Insurance Company has selected Gallagher Re, a leading reinsurance broking and advisory firm, to provide reinsurance broking and risk advisory services.
The government-run natural disaster insurance provider, EQC, has secured a record level of reinsurance of NZ$9.2bn ($5.7bn) from 1 June 2024 to protect New Zealand homeowners from the impact of natural hazards and keep home insurance affordable.
Oman Reinsurance Company (Oman Re) has generated a good financial performance, as reflected in net income return on equity of 8.4% in 2023 (2022: 7.5%), says Fitch Ratings.
MS Reinsurance has appointed Mr Miguel Marin as head of data. In his new role, he will be responsible for managing the cloud-native data and analytics platform and will advance key data strategies.
White Bear Group has appointed Mr John Symms as group head of capital solutions, a newly created role. In his new role, he will source and develop (re)insurance support for White Bear's MGA lines and will coordinate reinsurance at Blenheim Underwriting, a company owned by White Bear Group.