Singapore Re's operating performance is expected to remain at the adequate level, supported by robust business growth while maintaining prudent underwriting discipline, says AM Best.
The National Assembly's Standing Committee on Commerce has urged Pakistan National Insurance Company Limited (NICL) and Pakistan Reinsurance Company (PAKRe) to focus on strengthening their role in the private sector and expanding public relief efforts.
Miller has appointed Ms Elizabeth McGonagle as head of power, APAC, effective January 2025.
State-owned Mongolian National Reinsurance (Mongolian Re) has projected that it would gradually manage down the management expense ratio by expanding its premium scale and improving its operating efficiency over the short to intermediate term, noted AM Best.
Continental Reinsurance (CRe) has taken steps to improve its capital management capabilities and is targeting more moderate growth over the medium term, notes AM Best.
Reinsurance usage is on the rise, evidenced by declining retention ratios in the global insurance market, says the International Association of Insurance Supervisors (IAIS).
The Turkish reinsurance market is in a more positive situation this year compared to last year, according to senior industry executives.
The outlook for the insurance sector in 2025 remains stable, albeit amid an uncertain macroeconomic and geopolitical landscape, says the International Association of Insurance Supervisors (IAIS).
Aon has appointed Mr Robert O'Connell as global cyber strategy and growth leader and executive managing director of Reinsurance Solutions.
When asked what role innovation could play in maintaining competitiveness in the reinsurance industry, Everest Re CEO, APAC Kevin Bogardus was keen to point out that reinsurers need to be responsive to the needs of clients and the marketplace and to be solutions providers.