The National Insurance Commission (NAICOM) has confirmed that seven more insurance companies are fully compliant with the Minimum Capital Requirements (MCR) stipulated under the Insurance Industry Reform Act (NIIRA) 2025.
Front Re has received approval to expand into Shariah-compliant retakaful solutions, granted under the Labuan Islamic Financial Services and Securities Act 2010.
Mandarin Re has appointed Mr Patrick Ward to its Board of Directors.
Canada Life Re has announced the formation of its new regional office in Singapore, and appointed Mr Wil Chong as CEO to lead the entity.
Continental Reinsurance (Continental Re) has launched its initial public offering (IPO) on the Botswana Stock Exchange, marking the first public offering by a reinsurer in the country.
International reinsurance broker Front Re has recently received approval from the Labuan Financial Services Authority (Labuan FSA) to operate a retakaful broking business.
Mandarin Re, a specialty property and casualty reinsurance company, has increased its paid-up capital to $26m.
Global GDP is expected to expand at a resilient pace of 3.0% in 2026 and 3.4% in 2027, according to a blog by Peak Re, which cited the IMF World Economic Outlook report "Global Economy in Crosscurrents of War and Technology".