Saudi Reinsurance Company (Saudi Re) has signed a contract with The Company for Cooperative Insurance (Tawuniya), to reinsure the compulsory Inherent Defects Insurance (IDI) pool.
The Dubai International Financial Centre (DIFC) has announced that Advantage Reinsurance Management, a managing general agent, has joined the growing community at the financial hub.
Mr Achim Bosch has taken over the position of CEO of Deutsche Rückversicherung (Deutsche Rück). The Supervisory Board of Deutsche Rück appointed him CEO on 18 November 2024. Mr Bosch joined Deutsche Rück in 2019 and has been a member of the Board of Executive Directors since.
Speaking at the Lujiazui Forum on June 19, National Financial Regulatory Administration (NFRA) Property Insurance Department director-general Yin Jiang'ao said that China's reinsurance sector remains underdeveloped relative to the size of its primary insurance market.
These are the updates on insurance regulatory developments in China.
Cyprus-headquartered reinsurance brokerage COPE has been approved as a Lloyd's coverholder, the company has announced.
Howden, a global insurance intermediary group, yesterday announced that it had received regulatory approval to launch a reinsurance operation in the Kingdom of Saudi Arabia (KSA)
Cameroon's government has submitted a draft law to Parliament which, when passed, would require insurance companies to cede part of their premiums and reinsurance contracts to local entities.
African Reinsurance Corporation (Africa Re) and the United Nations International Children's Emergency Fund (UNICEF) have signed an agreement to support climate change education and the development of green skills.