In the Middle East, there is a highly active MGA market in the UAE, where MGAs are playing a key role in the growth of the wider insurance market in the region, according to Global Insurance Law Connect (GILC), a network of specialist insurance law firms.
Singapore Reinsurers' Association (SRA) has announced that its membership base has grown by three.
The insurance industry stabilised in 2023 following muted natural catastrophe events and the positive effects of strategic initiatives implemented by insurers over the last few years to moderate risk exposures, such as premium rate increases and underwriting limitations, according to KPMG South Africa.
Reinsurance capital is at its peak now with sufficient capital to cover the 2025 and beyond; yet, addressing the protection gap could be via the use of non-traditional reinsurance tools, said Guy Carpenter president, global accounts Charles Whitmore.
Members of the Association of Insurers and Reinsurers of Developing Countries are meeting at the 23rd AIRDC International Conference in Thailand, the first time that the southeast Asian country is hosting the event (AIRDC 2024).
London-headquartered MNK Group has launched Mekong Re, a reinsurance company with a strong suit in niche and specialty solutions, in Labuan, Malaysia.
CCR Re has appointed Ms Vaibhavi Mehta as director of underwriting (life). She has over 17 years of experience in reinsurance and consultancy.
Mumbai-headquartered Mahindra Insurance Brokers, part of the Mahindra Group, has announced the opening of its reinsurance office at Dubai International Financial Centre (DIFC), according to a statement posted on the DIFC website.
Although Managing General Agents (MGAs) are in their infancy in China, they are gaining ground in key financial centres in the country such as Beijing, Shanghai and Shenzhen, according to Global Insurance Law Connect (GILC), a network of specialist insurance law firms.