According to a digital report published by Marsh, (re)insurers in the Middle East are "eager to expand their property portfolios".
Sompo has appointed Ms Lily Claydon as CRO, effective 3 March 2025. In her new role, she will be responsible for leading Sompo's APAC risk management, governance and analytics, in addition to developing talent and capabilities across the region. She will also join the APAC executive team based in Singapore.
Swiss Re has appointed Mr Lloyd Campbell-Gibson as head of life and health (L&H) Australia and New Zealand.
Paris-headquartered Arundo Re has announced that its new non-life reinsurance business in Asia jumped by a robust 33% at the 1 January renewals.
Listed state-controlled reinsurer GIC Re has received in-principle approval from its board of directors to establish a wholly owned subsidiary in the United Kingdom.
SCOR has appointed Mr Holger Schaefer as global head of casualty and environmental impairment liability within SCOR Business Solutions, effective 1 March 2025. He takes over from Mr Daniel Carerras, who moved on to the role of CUO, casualty.
Aon has appointed Mr Wesley Roy head of property for Australia and New Zealand. He joins Aon's Reinsurance Solutions team.
The MEA region is poised for economic and (re)insurance market growth in 2025, driven by diversification efforts, infrastructure investments and rising demand for insurance and reinsurance solutions, according to a report released by Gallagher on the Middle East and Africa regional markets.
Front Re has appointed Mr Rizal Zakaria as CEO, following regulatory approval. In his new role, he will continue to expand the company footprint and strengthen the partnership in various key regions in regions including Central Asia, the UAE and the Middle East.
The global reinsurance sector is in a stable position for 2025, said S&P, according to its latest report on the topic.