These are the updates on insurance regulation across China this week.
Swiss Re Corporate Solutions announced that it has closed down its Hong Kong office and surrendered its license.
There is a critical need for the Ethiopian government to attach importance to the insurance industry, on a par with the attention given to banks and other financial institutions, senior executives of insurance companies have said. This is because the insurance market plays a vital role in supporting national projects and pushing economic growth.
Swiss Re has appointed Mr Bernhard Kaufmann as group CRO, effective 1 October 2025.
Zhibao Technology, an InsurTech that primarily engages in providing digital insurance brokerage services, has announced the establishment of Zhibao Labuan Reinsurance Company.
Gross written premiums (GWP) in India's general insurance industry is expected to grow 13% y-o-y in FY2026, according to India Ratings. The article also indicated that this momentum is driven by value expansion, rather than new policyholder additions.
Primary insurance companies from Central and West Asia have increased their attention to international reinsurance business as they seek to diversify their existing domestic books of business and establish a presence in foreign markets, according to a report by AM Best.
Regional expansion will be a priority for diversified financial services group ZimRe Holdings, according to its chairman, Mr Desmond Matete, who was speaking at the presentation of the group's financial performance for the year ended 31 December 2024. The expansion plan leverages the African Continental Free Trade Area (AfCFTA).
Casablanca-headquartered Société Centrale de Réassurance (SCR) has adopted a new name - Atlantic Re - as part of a strategic transformation driven by a clear ambition to consolidate leadership at home while accelerating regional expansion.
International speciality (re)insurance MGA, Rokstone DIFC, has appointed Mr Giles Hussey as senior executive officer, subject to regulatory approval.