The 2024 results of reinsurance companies in South Africa reflect a positive trajectory with improved ratios observed for most performance indicators, according to global professional services firm KPMG in its "2025 KPMG South Africa Insurance Survey" report.
Lockton Re has appointed Mr David Bell as head of aviation.
Standard & Poor's (S&P) has confirmed its "A+" rating with a 'Stable' outlook for Dusseldorf-headquartered Deutsche Rück Group. The rating agency has awarded the reinsurer an "A+" rating with a 'Stable' outlook every year since 2016.
QBE Re has appointed Ms Cindy Foo as head of Asia, treaty, effective 1 December 2025. Her mandate excludes Japan, which continues to be written from QBE Re's London office.
The West African Insurance Companies Association (WAICA), a regional association of insurance institutions in English-speaking West Africa, can help boost cooperation in the region, said Nigeria's Minister of State for Finance, Ms Doris Uzoka-Anite.
Over 400 reinsurers and representatives from around the world will be convening in Japan from the 20 -24 October to coordinate support for the unique risk challenges facing Japan's renewable energy expansion.
The government has proposed to increase to 25% the proportion of business that insurers are required to place with the Kenya Reinsurance Corporation (Kenya Re), up from the current 20%, under new draft regulations.
Saudi Reinsurance Company (Saudi Re) has announced that its shareholders have approved an increase in the company's capital to SAR1.698bn ($452.8m) from SAR1.158bn, the reinsurer said in a statement.
The Ghanaian government has announced plans to list a portion of state-owned Ghana Reinsurance (Ghana Re) on the Ghana Stock Exchange (GSE) as part of efforts to strengthen the state-owned reinsurance firm's capital base and attract private investment.