Algeria: ICIEC & CAGEX renew reinsurance alliance to fuel OIC trade growth

...reinsurance partner for national ECAs (export credit agencies). It also supports product development and technical cooperation and reaffirms our dedication to empowering ECAs as key drivers of sustai...

Turkiye: BMS Group takes over local (re)insurance broker

...London-headquartered BMS Group, an independent global insurance and reinsurance broker, has expanded its presence in the Turkish market with the acquisition of Istanbul-based Oria Sigorta ve Reasurans Brokerligi....

Asia Pacific: Ageing population poses new risk landscape

...reinsurance market may feel the strain as reinsurers adjust to cover the higher claims associated with health and long-term care....

Asia Pacific: Regional CROs face tech, regulatory and ageing demographic pressures

...reinsurance and specialty)....

Weekly industry regulatory updates

...reinsurance market. Other concerns included the lagging development of a catastrophe insurance framework, with limited coverage for residential property; the constrained underwriting capacity in mari...

China Re chief: Insurance industry entering a decade of catch-up and growth

...reinsurance is essential to broader financial system reform, and that insurance should play a more active role in cushioning economic shocks and promoting social stability. The forum, theme...

Asia: Lockton appoints new head of placement

...reinsurance), with a specific emphasis on developing facilities, captives and retro capabilities for clients throughout the region. Mr Hughes has a tenure of over...

Japan: Pacific Life Re and Tokio Marine & Nichido Life enter second asset intensive deal

...Pacific Life Re yesterday announced a second asset intensive reinsurance agreement with Tokio Marine & Nichido Life Insurance (Anshin Life)....

Africa Re wins Pan-African Champion Award at 2025 Africa CEO Forum

...African Reinsurance Corporation, the continent's leading reinsurer, has won the prestigious "Pan African Champion" Award at the 2025 Africa CEO Forum....

Iraq: Finance Ministry commissions review of state-owned insurance players

...Reinsurance Company.  ...

UAE: Dubai Insurance shows strong operating performance

...reinsurance commissions....

Tokio Marine Group posts FY2024 results

...reinsurance issuance in FY2024....

Australia: ARPC releases figures of total claims received

...Reinsurance Pool Statistics Report can be accessed here....

Biggest reinsurer proposes building Indonesia into international reinsurance hub

...reinsurance centre....

Reinsurance: Deutsche Rück Group maintains profit-oriented growth course

...reinsurance business to the markets of the Middle East and North Africa....

Oman: Fitch revises Oman Re's IFS Rating to 'Positive'

...reinsurance....

ANZ: ANZIIF appoints new board member

...reinsurance, with roles involving lines of business across Australia and international regions. Mr Hawkins currently serves as managing director of Munich Re, whe...

Aon and Moody's expand reinsurance casualty collaboration into commercial risk

...reinsurance solutions Amanda Lyons said that the collaboration with Moody’s is now creating products that better reflect exposures and offer more attractive pricing for both commercial risk and...

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,...