Indonesia Re has assessed that the rising claims trend in Indonesia, particularly due to climate change, will impact future reinsurance treaty structures, including pricing, retention and capacity, according to Indonesia Re's Director of Technical Operations Delil Khairat.
Reinsurers saw rate reductions approaching 20% in Asia Pacific for non-loss impacted accounts in 1 January renewals, Aon, a leading global professional services firm, highlights in its report titled "Reinsurance Market Dynamics January 2026 Renewal".
The scale of the life reinsurance business of Qianhai ReinsuranceCo (QHR) has declined since 2023, due to the downsizing of financial reinsurance business, which in turn was because of changes in regulations and market demand.
Al Wathba Insurance (AWNIC) marks a pivotal moment in its growth journey with the finalisation of a key strategic investment in London Bridge 2 PCC, Cell 27.
Oman Re, the sole reinsurer in Oman, has received an upgraded Insurer Financial Strength (IFS) Rating of 'BBB' from 'BBB-' from global credit rating agency Fitch Ratings. The outlook for the rating is 'Stable'.
Thai Reinsurance Public Company Limited's (THRE) underwriting performance is expected to be weaker in 2025, with the full-year combined ratio around 100% or slightly higher (9M2025: 95.7%, 2024: 85.4%), reflecting losses from the two exceptional natural disasters, according to Fitch Ratings.
PRISM, a newly founded managing general agent (MGA), has officially launched in Singapore and Hong Kong, backed by seasoned industry professionals and specialty insurer and reinsurer Convex, as well as Efinity Insurance Solutions (EIG). A press release from PRISM stated that the company opened for business on 18 December.
BMS Group has announced the launch of BMS (DIFC), having secured the necessary licence and regulatory approval.
Half of the attendees at a Root Platform's Managing General Agents' Association (MGAA) market briefing, are still at the earliest stages of their digital/ and Application Programme Interface (API) transformation journey, according to the results of a live poll conducted at the briefing session.
Korean Reinsurance Company's (KRE) dominant market position will remain unchallenged over the medium term, despite its ongoing portfolio restructuring in the domestic market, according to AM Best.