Tunis Re, the locally-incorporated reinsurer with a leading position in the Tunisian reinsurance market, is working on adopting and developing technology, including a massive data management project, according to Ms Lamia Ben Mahmoud, CEO of the reinsurer.
Hong Kong-based reinsurer, FuSure Reinsurance Company, whose ultimate parent is Chinese Internet giant Tencent Holdings, targets double-digit gross premium written growth, but is expected to maintain a low single-digit return on equity over the period 2024-2027, notes AM Best.
Property-catastrophe reinsurance market pricing at 1 June 2024 has moderated, after notable rate increases in 2022 and 2023, observes Howden Re, the reinsurance and strategic advisory arm of Howden.
Private equity-backed reinsurers' appetite for Asian life insurance assets is unlikely to be sated any time soon, as there are $2tn of assets/liabilities under management that are currently providing sub-par capital returns, says Guy Carpenter, the largest life reinsurance adviser in the Asia-Pacific region.
Reinsurers do not control what insurance companies do, Mr Fola Daniel, CEO of FBS Reinsurance, has said.
State-run listed reinsurer GIC Re has announced that its net profit after tax for the fiscal year ended 31 March 2024 (FY24) reached INR64,973m ($779.2m), 2.9% higher than in FY23.
Tokio Marine & Nichido Life Insurance (Anshin Life) has sealed deals with Reinsurance Group of America (RGA) and Pacific Life Re.
The Singapore Reinsurers' Association (SRA) has announced the opening of registration for the 2024 Singapore International Reinsurance Conference (SIRC), to be held from 4 to 7 November at the Sands Expo and Convention Centre.
Gallagher Re has appointed Mr George Sherriff as CEO and Mr Tsuyoshi Noguchi as chairman.