Prime Minister Li Qiang, in delivering the government work report at the opening yesterday of the annual National People's Congress meeting, highlighted several targets for the insurance industry.
China United Insurance Group has appointed Mr Liu Yuanzhag as Chairman. The decision was made with the approval of the Board of Directors and National Financial Regulatory Administration. At the same time, the company relieved Mr Liu of his position as interim head of the company.
(Re)insurers in the Middle East will be closely monitoring the conflict taking place in the region as it spreads across the countries in the GCC and the Levant region.
Paris-headquartered global reinsurer SCOR has reported a net income of EUR851m ($990m) for the financial year ended 31 December 2025, according to financial statements released yesterday by the company.
Alpha Reinsurance Joint Stock Company (AlphaRe) has been officially launched as Vietnam's third dedicated reinsurer.
S&P Global Ratings (S&P) expects the conflict in the Middle East to inject additional uncertainty and earnings volatility into global reinsurers' 2026 results, particularly within specialty lines.
Specialist strategic advisory firm in the (re)insurance sector, Huntington Advisory, has appointed Mr Alexander Ankel as Senior Advisor. His appointment accelerates the firm's European expansion strategy, establishing a direct senior presence in German-speaking Europe.
Japanese insurance group, Tokio Marine & Nichido Fire Insurance will sponsor a $100m catastrophe band to provide collateral earthquake reinsurance protection.
A new report from S&P Global Ratings states that the ongoing Middle East war will not have a major impact on global reinsurers, considering that they have limited direct asset exposure in the region.
The biggest global repercussions of the ongoing military conflict in the Middle East include the increased risks of terrorism, spikes in reinsurance prices, fluctuations in financial markets and energy prices, and hikes in compensation costs, according to Mr Khaled Abdel-Sadek, a Vice Chairman of the Insurers Federation of Egypt (IFE).