News Reinsurance

World's Top Two reinsurers announce profit target for 2025

Global reinsurance giant Munich Re, which ranks with Swiss Re as the two biggest insurers in the world, says that it is aiming for an IFRS net profit of EUR6bn ($6.3bn) in 2025, thanks to consistently good operational performance in all...

AIR team | 16 Dec 2024

Korean Re's dominant market position expected to be unchallenged over medium term

Korean Reinsurance Company (KRE), as the dominant and only local reinsurer in South Korea, was ranked as the sixth-largest IFRS 17 reporting reinsurer in the global reinsurance market in terms of gross insurance service revenue (ISR) in...

AIR team | 16 Dec 2024

Singapore Re's operating performance is backed by strong underwriting and investment results

Singapore Re's operating performance is expected to remain at the adequate level, supported by robust business growth while maintaining prudent underwriting discipline, says AM Best.

AIR team | 11 Dec 2024

Mongolian Re to reduce management expense ratio

State-owned Mongolian National Reinsurance (Mongolian Re) has projected that it would gradually manage down the management expense ratio by expanding its premium scale and improving its operating efficiency over the short to intermediate term,...

AIR team | 10 Dec 2024

Global: Reinsurance usage is growing

AIR team | 06 Dec 2024

South Korea: Non-life insurers follow life companies to enter into joint reinsurance contracts to improve financial ratios

AIR team | 04 Dec 2024

Global: Oak Re's Lloyd's Syndicate 2843 to start underwriting activities wef 1 Jan

AIR team | 27 Nov 2024

Reinsurance: Life insurance seen as a good diversification channel

AIR team | 25 Nov 2024

Past Articles

Australia: Regulatory changes alone may be insufficient to cut reinsurance costs if CAT losses continue to rise

21 Nov 2024

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