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Apr 2025

Tunisia: Tunis Re strong earnings underpinned by underwriting results

Source: Middle East Insurance Review | Aug 2024

Societe Tunisienne de Reassurance’s (Tunis Re) earnings are strong, underpinned by solid underwriting performance, said Fitch Ratings.
 
The reinsurer reported a robust net combined ratio of 92.7% in 2023 (2022: 91.7%) despite the February 2023 earthquake in Türkiye, which caused the company’s Fitch-calculated gross loss ratio to surge to 65.2% in 2023 from 43% the prior year as Tunis Re’s conservative reinsurance practices helped contain the net impact. M 
 
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