The Central Reinsurance Company (CCR) achieved gross premium income that increased sharply by 14.6% to DZD46.5bn ($350m) in 2023, compared to the previous financial year.
Saudi Reinsurance Company has announced the appointment of Mr Ahmed Al-Jabr as its new CEO, effective 1 October 2024.
Reinsurers domiciled in the Middle East and North Africa (MENA) region continued to benefit from positive pricing momentum over the recent renewal periods, albeit to a lesser extent than the global reinsurance market, according to a new report from AM Best.
Specialty MGA Africa & Middle East, a new provider of bespoke (re)insurance solutions, has launched with a new office in Casablanca after receiving approval from the Moroccan Minister of Finance.
Swiss Reinsurance Company's (Swiss Re') operating performance metrics, particularly in more recent years, have been supportive of a strong operating performance assessment, says AM Best.
The underwriting results of sub-Saharan Africa's reinsurers have continued their trend of year-on-year improvement, benefitting from robust pricing actions on loss-affected lines of business, as well as the global hardening of the reinsurance market, according to a report from AM Best.
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.