Arab insurance leaders have made a collective call at the opening yesterday of the 35th GAIF General Conference (GAIF35) to the insurance industry to return to core values, embrace digital innovation and bolster regional cooperation in an increasingly complex risk landscape.
Barbados-based reinsurer Active Capital Reinsurance (Active Re) has announced AM Best's affirmation of its Financial Strength Rating (FSR) of 'A' (Excellent) and its Long-Term Issuer Credit Rating (Long-Term ICR) of 'a' (Excellent). The outlook for these ratings is stable.
In the lead up to the Singapore International Reinsurance Conference, members of the Singapore Reinsurers' Association (SRA) Executive Committee lay out their plans for the association and the reinsurance industry in Singapore. We speak to SRA Deputy Chair Emma Loynes, Honorary Treasurer Mukul Kishore and Honorary Secretary Michale Hauer on how the association will expand its footprint over the coming year.
Marsh has appointed Mr Derek Heng as CEO of Marsh ASEAN, and Ms Peta Latimer as CEO of Marsh Singapore. In addition, Mr Heng will continue to serve as CEO, Marsh Thailand, and Ms Latimer will continue with her current responsibilities as President of Marsh's People and Investments business in Asia.
Santam Syndicate 1918, part of Santam Group, Africa's largest non-life insurer, has appointed Ms Hina Shavdia as COO.
Sierra Leone-headquartered WAICA Reinsurance Corporation's (WAICA Re) operating performance is strong, with the company reporting robust return-on-equity ratios in recent years that have significantly exceeded the benchmark interest rates in the markets where the reinsurer operates, says AM Best.
Santam Syndicate 1918 has appointed Ms Hina Shavdia as COO.
VIG Re has announced that Mr Stephan Wirz will complete his mandate as Member of the Board of Management and Chief Business Officer on 1 March 2027. Ms Catrina Gemmerich has been named his successor.
Kenya's Insurance Regulatory Authority (IRA) has increased mandatory reinsurance cessions to Kenya Reinsurance Corporation (Kenya Re) from 20% to 25%, to be implemented in 2027.
Liberty Mutual Insurance has appointed Mr Shaun Sinniah as Head of Capital Solutions for Global Risk Solutions (GRS). This newly created role supports GRS's strategy to strengthen the connection between its risk and capital capabilities.