Malaysian Reinsurance (Malaysian Re) and Pacific Life Re, Singapore Branch (Pacific Life Re) recently signed an extension to the Memorandum of Understanding (MoU) on providing sustainable retakaful solutions to takaful operators.
Asian Reinsurance Corporation's (Asian Re) operating performance, though marginal, is on an improving trend, notes AM Best.
The value of revenues earned worldwide by MGA, MGU and cover-holder groups (a.k.a. delegated underwriting authority / underwriting agency groups) was around $23.9bn in 2023, according to an analysis by Insuramore.
An open architecture for insurance agents, the review of rules covering investment distribution and the development of natural disaster insurance are among issues that the insurance industry in India wants the new federal government to address.
Société Tunisienne de Réassurance (Tunis Re) showed an average return-on-equity ratio of 7.6% from 2019 to 2023, says AM Best.
The sale of a 10% stake in Qianhai Reinsurance Co has been finalised around two years after the purchaser made a successful bid for the related shares.
SEADRIF Insurance Company has selected Gallagher Re, a leading reinsurance broking and advisory firm, to provide reinsurance broking and risk advisory services.
The government-run natural disaster insurance provider, EQC, has secured a record level of reinsurance of NZ$9.2bn ($5.7bn) from 1 June 2024 to protect New Zealand homeowners from the impact of natural hazards and keep home insurance affordable.
Oman Reinsurance Company (Oman Re) has generated a good financial performance, as reflected in net income return on equity of 8.4% in 2023 (2022: 7.5%), says Fitch Ratings.
MS Reinsurance has appointed Mr Miguel Marin as head of data. In his new role, he will be responsible for managing the cloud-native data and analytics platform and will advance key data strategies.