Abidjan-headquartered insurance and banking group, NSIA Group, has received approval from the Regional Insurance Control Commission (CRCA) for the establishment of Manzi Re, its new captive reinsurance company.
Arab Reinsurance Company (Arab Re) has signed an agreement to sell its material land holding in Lebanon, with the transaction expected to be completed by December 2028, noted AM Best.
Kenya Reinsurance Corporation, which is listed on the Nairobi Securities Exchange, has unveiled a proposal to overhaul its share structure and revamp its board of directors.
Saudi Reinsurance Company (Saudi Re) yesterday launched a branch in Gujarat International Finance Tec-City (GIFT City) in Mumbai, having obtained the approval of the Saudi Insurance Authority and the relevant Indian authorities to open the branch to conduct reinsurance business.
Munich Re has appointed Ms Chotima Puasiri as Chief Representative Munich Re Thailand, effective 1 March.
OnRe, a global property and specialty reinsurer tokenised with ONyc, has announced a strategic partnership with Rhodium Re, a Dubai-based managing general agent (MGA), to expand global underwriting distribution for ONyc.
French global reinsurer SCOR has joined a consortium of more than 10 leading (re)insurers to back a groundbreaking, aggregated global insurance facility for AI and data centre infrastructure.
Global reinsurance giant Hannover Re has announced that Mr Kun Huang has been appointed CEO of its Shanghai Branch, subject to regulatory approval.
The Philippines has long been exposed to climate hazards, from typhoons to floods and earthquakes, due to its geographical location. While the insurance market is stronger than a decade ago, extreme events still test claims operations and the resilience of weaker carriers. To address this, Southeast Asia is developing innovative risk-financing solutions that the Philippines can adopt or scale, says the Philippine Insurers and Reinsurers Association (PIRA) Executive Director, Michael Rellosa.