Miller has appointed Mr Siva Krishnan as head of sports and entertainment. In his new role, he will bring Miller's specialist capabilities into new geographies, in line with the business' broader growth strategy. In APAC, the focus will be on live events, sporting events and tours, sport associations as well as film and TV.
The net income of The Toa Reinsurance Company (Toa Re) has turned around since fiscal-year 2022 (FY2022), notes AM Best.
The 12 months ended on 30 June 2024 was a year of record-breaking Insurance-Linked Securities (ILS) activity, including the issuance of $17.9bn of catastrophe bonds across 76 transactions, says Aon, a leading global professional services firm, in the 18th edition of its ILS Annual Report.
Global reinsurers will seize the opportunity to deploy more capital over the next two years, within strict limits, says S&P Global Ratings (S&P).
Arab Reinsurance Company (Arab Re) held over 65% of its investments outside Lebanon at the end of 2023. This has made its balance sheet more resilient to asset-side stress tests, including full impairment of Lebanon-based assets, says AM Best.
Earnings of global reinsurance companies should remain favourable in 2H24 and 2025, as pricing is generally adequate and underwriting discipline should be maintained, Fitch Ratings says in a new report.
Peak Reinsurance's net profit reached a record level of $200m in 2023, supported by improvements in reinsurance service results and investment performance under new international accounting standards, notes AM Best.
The Gabonese Commercial Reinsurance Company (SCG-Re), a subsidiary of the Gabonese Strategic Investment Fund (FGIS), is expanding into East Africa, and to Tanzania in particular.
Peak Re has appointed Mr Peter Hämmerli as head of business operations. In his new role, he will contribute to the ongoing development and enhancement of Peak Re's business operations team as it expands in the global reinsurance market.
A key ongoing shift in financial reporting to the International Financial Reporting Standards (IFRS) 17 is underway, representing a significant accounting change that has necessitated the segmentation of performance analysis in the reinsurance market, according to a new AM Best report.