East Africa Reinsurance Company (EARe) has a track record of adequate operating performance, with return-on-equity ratios moderately exceeding inflation rates in Kenya over the past five years, notes AM Best.
These are the highlights for events and updates across the insurance industry this week.
Swiss Re Life & Health Australia has halted new business activities in Australia from October 2025 as part of efforts to drive sustainable product design, particularly in Total Permanent Disability (TPD) insurance.
FGH parent and global reinsurance company, Fortitude Re, and investment firm Carlyle have announced the launch of reinsurance sidecar Fortitude Carlyle Asia Reinsurance (FCA Re).
The Australian Prudential Regulation Authority (APRA), Australia's insurance regulator, has released a response paper outlining refinements to its proposed updates to the general insurance reinsurance framework.
Kenya Reinsurance Corporation (Kenya Re) has reported technical profits in most years in its non-life operations since initiating corrective actions in 2020, notes AM Best.
Lagos-headquartered Africa Reinsurance Corporation (Africa Re), the leading pan-Africa reinsurer, has opened an office in Kinshasa in the Democratic Republic of Congo (DRC), according to news posted by the company on its LinkedIn account.
The Insurance and Private Pension Regulation and Supervision Agency (SEDDK) has published the final declaration of the Insurance Sector Consultative Meeting, which was held in September.
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.