Societe Tunisienne de Reassurance's (Tunis Re) earnings are strong, underpinned by solid underwriting performance, said Fitch Ratings.
Steadfast Group (Steadfast) has appointed Mr Nick Cook as executive general manager - Australasian networks, broker and insurer services; Mr Mark Senkevics as executive general manager - underwriting agencies, alternative risk transfer (ART), reinsurance and life, effective 1 July 2024 and Ms Meagan Jeffery as executive general manager - technology & information, effective 8 July 2024.
UIB Asia has appointed Mr Richard Oh as senior executive director (head of marine treaty and facultative), Ms Rita Au as senior executive (broking support), Mr Saw Tong Nee as executive director and head of the facultative and specialty division and Ms Tam Hui Von as broking executive in the facultative and specialty division.
Accelerating the development of the insurance industry will help improve China's financial market structure, optimise the allocation of financial resources, and enhance the stability of the financial system, a top Chinese regulatory official has said.
The Shanghai International Reinsurance Trading Centre has signed several pacts to build a unified, open, efficient, and modern reinsurance trading market.
Asian Re has elected Ms Sumalee Satitchaichareon as chairperson.
Bangkok-based Asian Reinsurance Corporation (Asian Re) has released its financial results for 2023 for which net profits jumped by 76% to $3.21m, compared to 2022, according to a statement released by the reinsurer.
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.