Africa Specialty Risks (ASR), a developing markets-focused (re)insurance group, has entered into an agreement for a strategic investment by London-headquartered Vitruvian Partners, an international investment firm, which will be ASR's new lead investor.
Munich Re has announced that its cyber businesses in APAC and Africa will be led by a newly appointed management team.
Munich Re has announced that its cyber businesses in Africa and APAC will be led by Ms Johanna Roman. In her new role, effective 1 July 2026, she will lead the business in Australasia, Greater China and Africa.
Hong Kong-quartered FuSure Reinsurance Company, a subsidiary of China's Internet giant, Tencent Holdings, has delivered positive operating performance since its second year of operation in 2022, says AM Best.
Societe Tunisienne de Reassurance's (Tunis Re) profitability is expected to remain strong, supported by solid underwriting expertise and robust retrocession arrangements, which help mitigate earnings volatility arising from foreign-exchange movements and adverse international claims experience, says Fitch Ratings.
The General Secretariat of the Government has released a draft Bill to amend and supplement the Insurance Code to accelerate digital transformation, strengthen policyholder protection, and broaden access to insurance for previously underserved segments of the population.
The Deutsche Ruck Group has been awarded an "A+" rating with a stable outlook by the rating agency Fitch. This is the first time the rating agency has assessed the reinsurer, said the company in a statement.
Japan's life insurers have increasingly relied on reinsurance in recent years, with the overall cession rate as a percentage of total gross premium written for the segment rising to more than 24% in 2023 and 2024 from just under 10% in 2020, according to a new AM Best report.
AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of "bbb" (Good) of Asian Reinsurance Corporation (Asian Re) (Thailand). The outlook of these Credit Ratings (ratings) is stable. Concurrently, AM Best has assigned the Thailand National Scale Rating (NSR) of aa+.TH (Superior) to Asian Re. The outlook assigned to the NSR is stable.
The African Reinsurance Corporation (Africa Re) has reported a profit of $16.0m in 1Q2026, compared to $25.6m in 1Q2025.