Price Forbes Re has appointed Mr Oliver Waterhouse as head of property facultative. In his new role, he will spearhead the property facultative division, a core area of growth for Price Forbes Re.
ASR Re's financial performance is expected to improve in 2024 on business growth and fewer large losses, says Fitch Ratings.
The Insurance Association of Turkiye (TSB) has held a brainstorming event during which participants set several 10-year goals for the insurance sector.
Bermuda-based The Fidelis Partnership (TFP) has announced that it would broaden its reach in the Middle East, Africa, Asia, and Latin America, all of which have increasing demand for specialist (re)insurance solutions, enhanced by Lloyd's licensing and TFP's new Abu Dhabi office.
The Singapore Reinsurers' Association (SRA) yesterday announced its panel programme line-ups and Guest-of-Honour for the Singapore International Reinsurance Conference (SIRC) 2024.
The number of Long-Term Issuer Credit Rating (Long-Term ICR) upgrades exceeded the number of downgrades for AM Best-rated Asia Pacific (APAC) (re)insurers in 2023, driving predominantly by improved balance sheet strength and favourable operating performance, according to a new AM Best report.
In 2023, Vietnamese companies reinsured only VND6tn ($244m) of domestic reinsurance premiums, while they transferred VND22tn of the premiums to foreign reinsurance companies.
French reinsurer CCR Re has announced that its name will be changed to Arundo Re on 16 January 2025.
Lloyd's has appointed Sir Charles Roxburgh as chair, effective 1 May 2025 and subject to regulatory approval and consent from the Prudential Regulation Authority and the Financial Conduct Authority. His appointment was also approved by the Council of Lloyd's. He succeeds Mr Bruce Carnegie-Brown.
Algerian insurance brokers are struggling to compete with their international counterparts, and their strength needs to be increased, according to insurance expert Mr Djamel Abbaci.