Kenya: Govt sets out requirements for local insurers bidding to offer mandatory health insurance to visitors

...reinsurance treaty and policy document....

Saudi Arabia: Chubb Arabia's board okays 10% investment in new reinsurance venture

...reinsurance market in Saudi Arabia is undergoing a profound transformation at present, with the recent establishment of the kingdom’s second locally incorporated reinsurer and a pipeline of new...

Middle East: Sagar Mehta joins Malakut Group as Director to boost M&A and transactional risk business

...Malakut Group, a multinational insurance and reinsurance broker, has announced that Mr Sagar Mehta has joined the firm as Director to strengthen the company's M&A and Transactional Risk Practice, supporting clients across the Middle East and international markets....

Turkiye: Veli Utku Bay appointed as Turk Re's Deputy GM for reinsurance acceptances

...reinsurance and insurance, will contribute to strengthening the company's technical capacity and achieving its sustainable growth targets, said Turk Re....

Algeria: Insurance body launches innnovation and AI hub

...The Algerian Union of Insurance and Reinsurance Companies (UAR) has launched a hub for innovation and artificial intelligence (AI) on 8 January 2026....

Moderate reinvestment seen at 1 Jan reinsurance renewals in mainland China

...reinsurance industry during this key renewal period, Gallagher Re noted the following about the property reinsurance market in mainland China....

Ethio-Re chalks up 45% rise in profits to about US$4m in FY2025

UAE: Insurance sector set for robust growth in 2026 and beyond, says EIF Chairman

...reinsurance Mr Al Badi po...

Turkiye: Property-CAT rates drop by 15% as market softens at 1 Jan renewals

...reinsurance industry during ...

UAE: Sajith Kumar joins Malakut as CCO, Middle East

...reinsurance, employee benefits, risk management, and financial services. Malakut Group is headquartered in Dubai, with offices in Almaty, Frankfurt, Hanoi, Istanbul, Kuala Lumpur, London, Panama City...

Middle East: 1 Jan property reinsurance renewals reflect increased interest and improved conditions

...reinsurance industry during this key renewal period, Gallagher Re said that there was also renewed interest from international ma...

Mitsui Bussan Pana Harrison appoints Ben Crookenden as Head of Energy - Specialty Division

...Mitsui Bussan Pana Harrison has appointed Ben Crookenden as Head of Energy - Specialty Division. Ben brings over 20 years of experience in insurance and reinsurance broking, with more than 15 years based in Southeast Asia....

Asia: Focused ILS vehicle exceeds US$100m milestone as insurer signals further expansion

...reinsurance portfolio. Since launching in 2021, Phoenix Re has grown steadily, supported by consistent investment performance and rising investor appetite for accessing Asia’s diverse...

Thailand: General insurers plan to set up a permanent natural catastrophe fund

...reinsurance capital to help support the proposed Fund. The proposed Nat CAT Fund with an initial capital of THB50bn ($1.6bn) is expected to enhance long-term risk management within the indu...

Asia Pacific property-catastrophe rates see double-digit declines

...reinsurance rates-on-line decreased by 14.7% on average. This compares with a fall of 8% in 2025 and is the largest reduction since 2014....

Africa (Ex South Africa): Property reinsurance market moves to softer phase driven by fiercer competition

...reinsurance industry ...

Reinsurance: Buyers explore options to reinvest premium savings

...reinsurance, including hybrid treaty/facultative facilities....

Egypt: Regulator issues rules on licensing insurance and other non-bank financial activities

...reinsurance companies must be at least 25% of the capital, with a minimum equity of EGP5bn ($104.8m).  The FRA requires that the institution or company owning the majority of shares ha...

Indonesia: Regulator improves risk management framework for insurers

...reinsurance brokerage companies, and insurance loss assessors must submit the results of their first self-assessment of their risk profiles for 2026 no later than 15 February 2027....

Nigeria: Insurance regulator rules out deferring recapitalisation deadline

...Reinsurance, alongside a Risk-Based Capital (RBC) framework....

Indonesia: Growth opportunities in Shariah insurance industry are wide open

...reinsurance companies, it increased to IDR200bn from IDR100bn....

Indonesia: Rising Nat CAT claims expected to reshape reinsurance treaty structures

...Indonesia Re has assessed that the rising claims trend in Indonesia, particularly due to climate change, will impact future reinsurance treaty structures, including pricing, retention and capacity, according to Indonesia Re's Director of Technical Operations Delil Khairat....

Asia: Reinsurance rate cuts approach 20% for non-loss impacted accounts in 1 Jan renewals

...reinsurance renewal period and evolving trends in the sector. It will be published on 5 January 2026. ...

New market positioning for NEV insurance takes shape from secondary to core business

...Reinsurance Supervision Department) at the National Financial Regulatory Administration (NFRA), said that...

Qianhai Re's life reinsurance business, though declining, drives underwriting results

...reinsurance segment still remains a major driver of QHR’s underwriting performance, which accounts for approximately three-quarters of total gross premium written, said AM Best in a recent comm...

UAE: 2025 shaping up as an all-around positive year for insurance industry

...reinsurance market, with its increased capacity,...

Algeria: Insurers look to passage of new insurance law for growth impetus

...Algeria's proposed new insurance law, currently being finalised, is expected to inject new momentum into the sector, according to the Delegate General of the Union of Insurance and Reinsurance Companies (UAR), Mr Abdelhakim Berrah....

Thailand: TGIA projects premium income to exceed US$8.7bn in 2026

...reinsurance costs. Additionally, global trade uncertainties are affecting marine and transport insurance, while health insurance is under pressure from medical inflation. Each of these fact...

Kuwait: GIG CEO steps down

...Reinsurance Company....

Tunisia: Biggest insurer doubles its share capital to over US$17m

...The Tunisian Insurance and Reinsurance Company (Star Assurances) has announced two major decisions concerning its share capital which would be implemented soon....

Australia: Bondi beach mass shooting classified as terrorism incident

...reinsurance pool, which is operated by the Australian Reinsurance Pool Corporation (ARPC).   Insurers will now be able to access the protection provided by the Pool for eligible te...

Oman Re earns IFS rating upgrade from Fitch

...reinsurance. These factors are offset by the company's small operating scale compared with other global reinsurers,”...

Exceptional Nat CAT events expected to dent Thai Reinsurance's underwriting results in 2025

...Thai Reinsurance Public Company Limited's (THRE) underwriting performance is expected to be weaker in 2025, with the full-year combined ratio around 100% or slightly higher (9M2025: 95.7%, 2024: 85.4%), reflecting losses from the two exceptional natural disasters, according to Fitch Ratings....

Court rulings deem Continue Enforcement Liability insurance as guarantee insurance

...Recent high-profile cases and a 2024 Supreme Court ruling in China have reshaped Continue Enforcement Liability (CEL) Insurance as guarantee insurance, rather than liability insurance, according to Ms Lindy Liu, Claims Specialist, Market Units P&C Reinsurance, at Swiss Re....

State-backed entities take over financially-stricken insurer

...reinsurance for these lines. The company is also authorised to conduct insurance fund management activities, in addition to other businesses approved by the regulatory authority....

Financial capacity alone cannot bridge China's Nat CAT protection gap, per Swiss Re's China chief

...Finance alone is not the answer to closing to China's Nat CAT-related economic losses, according to Mr Beat Strebel, Swiss Re's chief executive of Reinsurance China and country president for China....

PRISM launches in Singapore and Hong Kong

...reinsurance clients, specialising in Marine Cargo, Onshore Energy, Power, and Renewable sectors. A phase two expansion in the first quarter will add Facultative Property and Political Violence/Terror...

Cyclone Ditwah floods have minimal impact on Sri Lankan insurers

...reinsurance, but rising motor claims and reinsurance reinstatement premiums will weigh on underwriting results. Fitch anticipates insured losses to exceed previous records because of the severity of...

India: Parliament passes Bill on 100% FDI in insurance in watershed move

...Reinsurance Branches has been reduced from INR50bn ($554.4m) to INR10bn.  LIC has been provided autonomy to open zonal offices in the country and to align its foreign offices with the laws and r...

BMS launches DIFC company

...reinsurance arenas and to draw on the highly professional technical skills located in BMS Group’s global offices,” said Mr Vedanta Baruah, CEO of BMS MENA....

Korean Re to maintain strong market position amid domestic restructuring

...reinsurance market in terms of gross insurance service revenue (ISR) in 2024....

Indonesia: Health insurance market consolidates

...reinsurance companies. ...

Hong Kong: Enhancing regional alignment on disaster risk financing

...reinsurance capacity. Deputies recognised both initiatives as timely and essential responses to rising fiscal exposure across the region, particularly in agriculture and critical infrastruc...

Nigeria: Sunu Assurances and other insurers act to comply with minimum capital requirements

...reinsurance companies, to bolster credibility in the ongoing recapitalisation exercise, reported the newspaper The Guard...

Australia: Postcodes for terrorism insurance premiums updated

...Reinsurance Agreement for Terrorism Risks (2017) are unchanged; only the postcodes to premium tiers (Tiers A, B and C) has been updated.  The adjustments that will take effect on 1 Jan...

Africa: Continental Re Holdings relocates to Botswana

...Reinsurance, which provides comprehensive risk solutions to insurers across Africa, offering both treaty and facultative reinsurance across life and non-life classes.The Group operates through a stra...

UAE: Tysers Dubai appoints new Divisional Director to non-marine team

...reinsurance broking team in Dubai, with a core focus on property and energy facultative business. “I am thrilled that Tysers Dubai continues to attract such...

UAE: Swiss Re, RIQ partner to enhance AI-driven reinsurance solutions

...reinsurance platform and further strengthen our engagement in this dynamic region. By combining our joint capabilities with the region's strong innovation drive and vibrant insurance market, we c...

Global: Munich re unveils ambition 2030 strategy with focus on profit growth and sustainability

...reinsurance and primary insurance, with sustained earnings growth in L&H reinsurance, Global Specialty Insurance, and ERGO helping to offset potential fluctuations in P&C reinsurance....

Hong Kong insurers see 10% rise in total gross premiums in 2024

...reinsurance ceded) of HK$2,549.1bn. On the other hand, the total office premiums for new individual life business was HK$206.9bn in 2024, includi...