Hong Kong-headquartered Taiping Reinsurance Company (TPRe) reported a net profit of HK$333.0m ($42.8m) in 2023, with a return-on-equity (ROE) ratio of 3.0% under HKFRS 17, notes AM Best.
Reinsurance market participants appear to have varied expectations for pricing in 2025, says Fitch Ratings following its online survey carried out during the market's annual gathering at the Rendez-Vous de Septembre in Monte Carlo.
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.