The 6th Saudi Insurance Symposium (SIS) will be held in Riyadh on 28-29 September 2022, the General Insurance Committee (GIC) has announced.
Resolution Life, the long-term legacy life insurance solutions provider, has announced that its Bermudian reinsurance platform, Resolution Re, has entered into a reinsurance agreement with The Dai-Ichi Life Insurance that transfers a closed book of whole of life policies with JPY150bn ($1.1bn) in total liabilities. The agreement relates to coverage for market risks and insurance risks.
The African Development Bank has signed an agreement to invest in the Joint Reinsurance Company of Member States of the Conférence Interafricaine des Marchés d'Assurances (CICA-Re).
The reserve volatility of Kenya Reinsurance Corporation (Kenya Re) is expected to subside now that the reinsurer has now largely exited crop business, says AM Best. Kenya Re has a recent history of severe reserve deficiencies relating to crop business.
Saudi Reinsurance Company (Saudi Re) is expected to maintain its strong balance sheet and track record of underwriting discipline and ensure risk management while pursuing growth opportunities, says Moody's Investors Service.
Registration for the Singapore International Reinsurance Conference (SIRC) opens today (Monday 20 June) from 8am SGT on the 18th SIRC website at https://www.sirc.com.sg.
Moody's Investors Service has placed on review for downgrade the A3 insurance financial strength rating (IFSR) of Peak Reinsurance Company (Peak Re). The outlook has been changed to "Ratings under review" from "Stable".
Canada's Fairfax group and Kamlesh Goyal, who are the promoters of general insurance company Go Digit General Insurance, have applied to IRDAI for approval to set up a private domestic reinsurance company in India.
The prospective underwriting performance of National Reinsurance Corporation of the Philippines (Nat Re) is expected to be supported by ongoing portfolio remediation measures, including reduced participation or exiting from loss-making non-life treaties, as well as business growth in the more profitable domestic life reinsurance segment, says AM Best.