Mauritius-headquartered specialist reinsurance broker CG Re (Africa) has confirmed that it has established an office in London, its first outside Africa.
Widespread flood losses in the UAE in recent months have reinforced reinsurers' discipline, according to Gallagher Re, one of the largest global reinsurance brokers.
The National Reinsurance Corporation of the Philippines (Nat Re) has announced that it marked the 45th anniversary of its founding with record figures in 2023, posting a massive 862% increase in net profits driven by the corporation's underwriting and investment incomes.
The Singapore Reinsurers' Association (SRA) has announced its new Executive Committee line-up for 2024-2025 as well as its new logo and website.
Bank Negara Malaysia (BNM) has issued the Policy Document on Claims Settlement Practices (PD CSP) which sets out the minimum standards on the handling and assessment of general insurance and general takaful claims.
The insurance industry, including takaful, grew by 4% to DZD48.4bn ($359.6m) in 1Q2024 in terms of overall revenue (direct and reinsurance acceptances), according to provisional data from the National Insurance Council (CNA).
Aon has appointed Mr Peter Cheesman as head of analytics for risk capital in APAC. His new role includes APAC commercial risk, and he will take it on in addition to his current responsibilities as head of analytics for reinsurance in APAC.
Howden, a global insurance intermediary group, has entered the Japanese market, launching Howden Re Japan and an insurance-linked securities (ILS) partnership with Keystone ILS Capital.
Reinsurance Group of America (RGA), a leading global life and health reinsurer, today announced it has reached an agreement with Tongyang Life Insurance Company for an RGA subsidiary to reinsure a KRW200bn ($144.35m) in-force block of life policies through coinsurance.