The Insurance Board (IB) has provided licences to 10 companies to carry out reinsurance brokerage.
The board of directors of Central Reinsurance Corporation has approved a capital increase of NT$2.1bn ($70m) to boost the company's working capital and strengthen its financial position.
The CBIRC has announced that it has approved a licence for Spain's Mapfre Re to establish a subsidiary in Beijing.
Canada Life Re has moved up to Number Four spot in AM Best's 2022 annual ranking of the Top 50 Global Reinsurance groups. This is the first time ever that a solely life reinsurance group has made the top four, says the global credit rating agency.
Many global reinsurance companies have shifted their business mix into casualty and specialty primary lines where pricing movement is still positive, according to a new AM Best report.
Ghana Reinsurance (Ghana Re) has presented a cheque of GHC12m ($1.3m) to its sole shareholder, the government of Ghana as a dividend for the 2021 financial year.
The Australian Prudential Regulation Authority (APRA) has published its updated plan to reinforce the financial soundness of the insurance, banking and superannuation industries over the next four years 2022 to 2026.
Leading global reinsurer Munich Re generated a profit of EUR1,376m ($1,409m) in the first six months of 2022 and EUR768m in the second quarter.
The Saudi General Insurance Committee has announced that the sixth Saudi Insurance Symposium -- with an expected turnout of more than 1,000 Saudi, GCC and Middle Eastern insurance professionals, experts, and companies -- will take place from Wednesday 28 to Thursday 29 September 2022.
Fitch Ratings has assigned Dai-ichi Life Reinsurance Bermuda (Dai-ichi Life Re) an 'AA-' (Very Strong) Insurer Financial Strength (IFS) Rating. The outlook is 'Stable'.