South Africa's largest short-term insurer, Santam, has been granted a licence to establish a reinsurance branch office at Gujarat International Finance Tec-City (GIFT City), the company announced in a 19 February press release. GIFT City is India's first operational greenfield smart city and International Financial Services Centre (IFSC).
The general insurance and reinsurance sector in Indonesia recorded positive performance in 2025. This growth demonstrates the industry's resilience in facing economic challenges and business risks.
Global reinsurance giant Hannover Re has appointed Mr Ridwaan Patel as CFO of its Bahrain branch and Hannover ReTakaful, subject to approval by the Central Bank of Bahrain.
Moroccan reinsurer Atlantic Re's strong operating performance is demonstrated by a five-year (2020-2024) weighted average return-on-equity ratio and non-life combined ratio of 14.3% and 85.2%, respectively, notes AM Best.
Newly-established Riyadh Reinsurance Company has obtained the green light to operate in the Egyptian market.
A newly signed trade deal between the US and Bangladesh requires Bangladesh to remove the 50% mandatory cession to national reinsurer Sadharan Bima Corporation and opening the market to full competition.
The Nepalese government has appointed Mr Amrit Lamsal Chairman of Board of Directors of Nepal Reinsurance Company until further notice.
Miller has appointed Mr Sailesh Divakaram as Head of Treaty Asia.
Kuwait Reinsurance Company (Kuwait Re) has posted a 40.9% increase in net profits to KWD19.9m ($64.9m) for the year ended 31 December 2025, according to the company's audited financial statements.
Aon has appointed Mr Joseph Peiser as CEO of Risk Capital. In his new role, he will lead Aon's risk capital capabilities across commercial risk and reinsurance Solutions.