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).
Madrid-headquartered MAPFRE RE has obtained official approval on 2 July 2024 from the National Financial Regulatory Administration (NFRA) to open its branch in Beijing. This makes MAPFRE RE the 15th reinsurer to be operating in China.
There is good potential for the growing institutional and private wealth investor base in Asia, including Singapore, to invest in insurance linked securities (ILS), according to Mr Lim Cheng Khai, executive director of the Financial Markets Development Department of the Monetary Authority of Singapore (MAS).
Paris-headquartered CCR RE has been profitable since its creation as a stand-alone company in 2016, with earnings from both underwriting and investment activities. Since inception, the company has experienced strong growth, notes AM Best.
Insurance experts have listed several issues and recommendations that should be placed on the agenda of Egypt's reshuffled government's to advance the insurance industry.
Aon has appointed Ms Marguerita Silitonga as president director of Reinsurance Solutions in Indonesia. In her new role, she will be responsible for developing and executing strategy, driving growth and managing all operations for Aon's Reinsurance Solutions in Indonesia.
Schroders Capital, the private markets business of Schroders Group, has launched an innovative tokenisation pilot designed to enhance the way insurance-linked securities (ILS) investments are invested and managed. The proof of concept was a collaboration with global reinsurance company, Hannover Re.
The reinsurance market in South Africa has stabilised and possibly reached its peak, according to Gallagher Re, one of the largest global reinsurance brokers.