Lloyd's Insurance Company (China) has earned upgrades from AM Best of its Financial Strength Rating (FSR) to 'A+' (Superior) from 'A' (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to 'aa-' (Superior) from 'a+' (Excellent).
Aon has appointed Mr Ollie Barcock as leader of aviation reinsurance for Global ReSpecialty. In his new role, he will support the delivery of capital, customised data and analytics and consultancy services to the firm's aviation reinsurance clients.
Central Reinsurance Corporation (Central Re) Re posted a reported net profit of NT$2.1bn ($65m) in 2023, with a five-year return on equity of 7.0% (2019 - 2023), based on adjusted capital and surplus, notes AM Best.
The insurance industry in Cambodia is expected to see good growth in future years, according to the director-general of the Insurance Regulator of Cambodia (IRC), Mr Bou Chanphirou.
A high frequency of small to medium events resulted in global insured losses from natural catastrophes of $60bn in the first half of 2024, according to Swiss Re Institute's preliminary estimates.
Howden Re has appointed Ms Harriet Gruen as head of cyber threat intelligence. She brings eight years of cyber industry experience.
The net profit after zakat attributable to shareholders of the Saudi Reinsurance Company increased by 5.8% to SAR75.28m ($20.05m) in the first half of this year, compared to the corresponding half in 2023, according to financial data lodged by the reinsurer with the Saudi bourse.
The Tunisian Insurance and Reinsurance Company (STAR), Tunisia's largest insurer, has announced that its total revenue rose by 9.54% to TND235.26m ($76.5m) in 1H2024 compared to the corresponding half in 2023, according financial statements lodged with the Tunis bourse.
Swiss Re Asia has appointed Mr Alan Wilson to its board of directors. He brings 45 years of experience.
Oman Re, the Sultanate's first and only reinsurer, has announced a 17% increase in reinsurance revenue for the first half of 2024, reaching OMR 24.5m ($63.7m) compared to OMR21.0m for the corresponding period last year.