The Insurance Authority (IA) says that it and the country's insurance sector was unaffected by the 19 July massive global tech outage.
Al Ahleia Insurance Co (Al Ahleia), which is the majority shareholder of Kuwait Re, has an operating performance that is commensurate with a strong assessment, says AM Best.
LM Re has appointed Mr Mark De La Mare as head of Australia and New Zealand, effective October 2024. In his new role, he will lead the LM Re underwriting team based in Sydney and playing a pivotal role in LM Re's strategy for the region.
s a result of increased uncertainty, awareness of the benefits of insurance has risen across society in Malaysia, but affordability and availability remain major issues, said Mr Ahmad Noor Azhari Abdul Manaf, president and CEO of Malaysian Reinsurance (Malaysian Re).
Kuwait Reinsurance Company's underwriting discipline and prudent risk selection are expected to support continued improvements in its operating metrics, says AM Best.
Aon has appointed Mr Ed Thomas as head of Lloyd's Capital within its Reinsurance Solutions Capital Advisory team.
Société Tunisienne de Réassurance (Tunis Re) has promising prospects and is expected to improve its financial performance, indicates BMCE Capital Securities.
Peak Re has appointed Mr David Menezes as chief risk officer. His responsibilities include ensuring regulatory and legal compliance, a comprehensive understanding of risks and exposures and safeguarding the company's financial strength. He joined Peak Re in 2016 and has been serving as deputy chief risk officer since 2022.
Life insurance premiums in emerging markets, including those in Asia, will grow by 7.2% in real terms in 2024, with just 1.5% aggregate growth in advanced markets, says Swiss Re Institute (SRI).
Miami-headquartered managing general agent and coverholder at Lloyd's, XS Global, has boosted its reinsurance capacity with the launch of XS Global (DIFC).