Zambia Re posts 83% jump in net profit in 2024

...Reinsurance revenue increased by 56% year-on-year to ZMW140.3m, driven mainly by new business across multiple classes of reinsurance....

Islamic insurance: Profitability varies among regions but structural weaknesses emerge

...reinsurance....

APAC: Athene appoints new senior vice president of corporate development

...reinsurance businesses across APAC. He will be supported by from colleagues at Apollo to capture retirement opportunities in the region. Mr Choi brings more than...

Taiwan: Gaps exist in long-term financial planning, particularly among younger workers

...Reinsurance Group of America (RGA) on retirement readiness in Taiwan is based on a survey of 750 Taiwanese respondents across three age groups (prime age workers - ages 30-45, pre-retirees - ages 46-...

India: AXA XL announces new appointments

...Reinsurance Brokers. Prior to his new role, Mr Shukla worked with Munich Re, Bharti AXA General Insurance and Tata AIG, among others....

Egypt: Insurers' pre-tax profits jumped by 84% to over US$500m in FY2024

...Reinsurance Company and the Egyptian Cooperative Insurance Association....

UAE: Insurers see bright and sunny 1Q2025

...reinsurance costs and the lagging financial effects tied to some treaty arrangements....

EIRS and eMRGent Risk Solutions to transform financial risk solutions across Africa

...reinsurance broker based in the DIFC since 2014....

Asia Pacific: Wildfires and floods lead to billions in economic losses, says Aon

...Reinsurance Solutions for APAC CEO George Attard said the devastating earthquake in Myanmar, which caused at least 5,400 deaths and significant structural and infrastructure loss, underscores the imp...

Australia: Cyclone pool driving down premiums in high risk areas

...reinsurance cost burden for insurers, we’ve seen the pool deliver downward premium pressure – making it possible for more Australians to access the protection they need.  ...

Vietnam: VINARE expected to continue to show strong operating results

...Vietnam National Reinsurance Corporation (VINARE) has posted a strong operating performance, supported by its five-year average return-on-equity ratio of 10.6% (2020-2024), notes AM Best....

Türkiye: Insurance market expected to grow to US$30bn this year

...reinsurance costs are balanced. The first-quarter figures of the year show that despite the decrease in financial income, expenses have been brought under control and technical profitability has incr...

Saudi Re posts 11% increase in net profits in 1Q2025

...Reinsurance revenue increased by 56%...

Indonesia reassesses reinsurance regulations as deficit widens

...reinsurance transactions, reflecting a persistent upward trend in recent years. OJK Executive Chairman for Insurance, Guarantee, and Pension Fund Supervision Ogi...

UAE: IHC launches Abu Dhabi-based global reinsurance platform with BlackRock

...This new company, yet to be named, will provide critical underwriting capabilities, underpinned by cutting-edge AI technologies, to help accelerate growth of the insurance and capital market ecosystem in the Gulf region and support the continued evolution of regional capital markets....

Saudi Arabia: Regulator projects strong growth for insurance market in 2025

Zhibao Technology launches reinsurance operations in Malaysia

...reinsurance expansion A notable development for ZBAO is its expansion into the international reinsurance market. Since its listing on Nasdaq last year, the company has begun exploring o...

NFRA releases Q1 2025 insurance industry data

Algeria: KYC becomes a central anti-fraud tool for insurers

...Reinsurance Companies (UAR), Mr Youcef Benmicia, said that the insurance sector adopted, towards the end of 2024, a regulation establishing the KYC process, emphasising that this procedure is carried...

New Zealand: Insurers are resilient in managing claims from an extreme seismic event

...reinsurance were identified as critical to enabling insurers to continue to offer cover following such an event. The exercise provided valuable insights to feed into our review of solvency standards...

Gallagher expands in Türkiye with acquisition of Aspera

...reinsurance broker specialising in industrial property, power & energy plus construction. The business employs six people and is led by Evrim Ozkoc who will remain with the company and report to...

UAE: Manulife sets milestone with new Dubai office for high-net-worth clients

...reinsurance-related companies. Global insurers, reinsurers, reinsurance brokers, captives, MGAs, Lloyd’s service companies and coverholders, consultancy companies, compliance firms, and risk ma...

India, Middle East and Africa insurance rates decline in 1Q2025

...reinsurance, contributed to a competitive environment....

UAE: Insurance industry to consolidate and grow further

...reinsurance policies. However, the resultant increase in reinsurance rates may affect the profitability of smaller insurers in 2025. Fitch expects continued growth for UAE insurers in...

India: Regulator retains obligatory cession to GIC Re at 4%; private players raise concern

...reinsurance market. According to news reports CEOs of leading general and health insurance companies are scheduled to meet the secretary to government of India ministry of finance departmen...

Middle East: Economy, regulation and innovation drive insurance industry growth

...Total premiums in the Middle East and Pakistan (MEP) are expected to grow by 5.4% in real terms this year, after peaking at 8.7% in 2024, says a new report by global reinsurance giant Swiss Re....

Middle East: WTW strengthens regional capabilities with full management control of Al-Futtaim Willis

...reinsurance broking entities. The integration of AFW will allow our local, regional, and global clients to access WTW’s entire portfolio, enhancing our value proposition in the market. All of t...

Nominations are open for the Middle East Insurance Industry Awards 2025

...Reinsurance Broker of the Year...

Three megatrends challenge insurance industry

...The insurance industry is caught up in the middle of three megatrends -- climate change, the digital revolution and globalisation, said JBBoda Viva Indonesia Reinsurance Brokers president director Ricky Natapradja....

Hong Kong: Peak Re posts strong results for 2024

...Reinsurance service results were $144m, with a solvency ratio of 186%. “In 2024, we successfully built on Peak Re’s strong business franchise to position us for further growth,&...

Africa: Majority of insurance execs are open to adopting AI

...Reinsurance Holdings Lawrence Nazare...

Turkiye: Insurers prepared for anticipated mammoth Marmara earthquake

...reinsurance protection for a possible major Marmara earthquake with the lessons learned from the Kahramanmaras earthquakes,...

Saudi Arabia: Walaa clinches regulator's nod to acquire DIFC-based MGA

...reinsurance business. The deal is subject to approval by the Dubai Financial Services Authority.”...

New Zealand: Insurance Council releases annual review of 2024

...reinsurance rates and inflation have been easing. Insurers are continuing to look at ways to help their customers manage their own cover as cost-effectively as possible.”...

Insurance Brokers Association of India launches GIFT City chapter

...reinsurance capacity to support the sector's expansion.”...

Asia: Peak Re expands CAT bond innovation with Black Kite Re

...Peak Re has announced the successful issuance of the second CAT bond, via Black Kite Re, a special purpose insurer (SPI) in Hong Kong. Building on the success of its inaugural 2022 issuance, this transaction secures $50m in retrocessional reinsurance protection, extending coverage in Japan to earthquake and typhoon risks while introducing parametric earthquake protection for China and India....

Indonesia: Reinsurance underwriters' profiles reflect changes in market dynamics

...reinsurance evolving over the years, including new attitudes or approaches adopted by reinsurers. ...

Epicure Insurance Brokers is first Nigerian member of EIRS Network

...reinsurance broking....

Oman Re kicks off 2025 with robust financial performance in 1Q

...Reinsurance revenue increased 30% to OMR13.2m ($34.2m) in 1Q2025, up from OMR10.1m in 1Q2024. The company also saw a healthy uptick in Gross Written Premium to OMR26.1m, a rise from OMR20.5m in the s...

Malaysia: General insurance industry grows 6.9% in 2024

...reinsurance costs and the frequency of weather-related events. Despite a 12.5% decrease in average premiums, medical and health insurance experienced growth, with 10.0%...

Global: Hurricanes and earthquakes could lead to global insured losses of $300bn in a peak year - Swiss Re

...Reinsurance Urs Baertschi said: "In addition to helping clients with traditional risk transfer, reinsurers also provide data, risk insights and knowledge about where dangers lie. The reinsurance...

Kenya: Competition watchdog gives green light to Djiboutian insurer's acquisition of takaful operator

...reinsurance companies registered by the Insurance R...

UAE: Sukoon continues resilient operating performance

...reinsurance, individual life, and pension management (end-of-service gratuity). With mid-single-digit growth from its underlying book of business, S&P forecasts revenue growth at about 10%-15% pe...

UAE: DIFC announces 35% leap in insurance business in 2024

...reinsurance entities are housed in the DIFC....

Global: Aon announces new appointments

...reinsurance industry....

Saudi Arabia: Wataniya expected to maintain strong profitability despite competition

...reinsurance protection: Wataniya cedes a large majority of its property and life insurance risks to reinsurance counterparties, providing adequate protection against major loss events. Fitch...

Egypt: Biggest general insurer keeps up robust operating performance

...reinsurance and material unrealised gains reported through Other Comprehensive Income, which strengthens capital and surplus. Business profile...

21st SIRC to be held from 3 to 6 November

...The Singapore Reinsurers' Association (SRA) has announced that the 21st Singapore International Reinsurance Conference (SIRC) will be held from 3-6 November 2025, at the Sands Expo & Convention Centre....

21st SIRC to be held on 3 to 6 November

...The Singapore Reinsurers' Association (SRA) has announced that the 21st Singapore International Reinsurance Conference (SIRC) will be held on 3 to 6 November 2025, at the Sands Expo & Convention Centre....

Egypt: Insurance federation cites areas of focus to promote agricultural insurance

...Reinsurance Company, as well as a training seminar in cooperation with the Moroccan Central Reinsurance Company Academy....