Taiyo Life Insurance has signed and closed a $4bn reinsurance transaction with Fortitude Re. Under the transaction, Taiyo Life has reinsured a significant portion of its whole life annuity business to Fortitude Re. Taiyo Life will continue to service and administer the reinsured policies.
The Australian Reinsurance Pool Corporation (ARPC) has provided preliminary loss estimates on ex-tropical cyclone Alfred, which made landfall on the Queensland coast on 8 March 2025.
Mr Marc Haushofer will join VIG Re as executive director of international business development on 1 May 2025, the Prague-headquartered reinsurer has announced.
The binding agreements will give Sava Re deeper access to risks originating from Africa, the Middle East and developing markets, allowing ASR to further its mission of enabling sustainable economic development by fulfilling unmet insurance needs.
Following a second consecutive year of robust financial performance in 2024, Europe's four largest reinsurers are well positioned to navigate potentially less supportive market conditions in 2025, says a new report by Fitch Ratings.
Munich Re has announced the acquisition of Next Insurance, which will now operate under its primary insurance arm, Ergo.
The number of employees working in insurance companies in Türkiye increased by 8% to 27,540 people at the end of 2024, compared to the previous12 months, the Insurance Association of Türkiye (TSB) said in a statement.
Data, analytics and insights platform GlobalData expects the APAC reinsurance market to reach $68.4bn in 2029 in terms of reinsurance accepted premiums, growing at a compound annual growth rate of 4.8% from $54bn in 2024.
India's first private sector reinsurance company is set to commence operations soon.