News Reinsurance

APAC reinsurance expected to surpass $68bn in 2029

Data, analytics and insights platform GlobalData expects the APAC reinsurance market to reach $68.4bn in 2029 in terms of reinsurance accepted premiums, growing at a compound annual growth rate of 4.8% from $54bn in 2024.

Sarah Si | 20 Mar 2025

New non-life reinsurance business in Asia at 1/1 surges by 33% for Arundo Re

Paris-headquartered Arundo Re has announced that its new non-life reinsurance business in Asia jumped by a robust 33% at the 1 January renewals.

AIR team | 07 Feb 2025

India: GIC Re board gives nod to setting up UK subsidiary

Listed state-controlled reinsurer GIC Re has received in-principle approval from its board of directors to establish a wholly owned subsidiary in the United Kingdom.

AIR team | 07 Feb 2025

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

AIR team | 16 Dec 2024

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

AIR team | 11 Dec 2024

Mongolian Re to reduce management expense ratio

AIR team | 10 Dec 2024

Global: Reinsurance usage is growing

AIR team | 06 Dec 2024

Past Articles

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

04 Dec 2024

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

27 Nov 2024

Reinsurance: Life insurance seen as a good diversification channel

25 Nov 2024

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

21 Nov 2024

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