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Oman Re earns IFS rating upgrade from Fitch

Oman Re, the sole reinsurer in Oman, has received an upgraded Insurer Financial Strength (IFS) Rating of 'BBB' from 'BBB-' from global credit rating agency Fitch Ratings. The outlook for the rating is 'Stable'.


AWNIC is first UAE insurer to access Lloyd's via London Bridge 2 protected cell structure

Al Wathba Insurance (AWNIC) marks a pivotal moment in its growth journey with the finalisation of a key strategic investment in London Bridge 2 PCC, Cell 27.

UAE: Sun Life receives approval to operate in DIFC

High net worth insurance solutions provider Sun Life has received the green light from the Dubai Financial Services Authority to begin operations in the Dubai International Financial Centre (DIFC).

Global: Everest announces leadership appointments

Everest Group has appointed Mr Mark Shaw as Global Head of Commercial, Global Wholesale and Specialty and Mr...

Global: Markel Insurance appoints new Senior War and Terrorism Underwriter

Markel Insurance, the Markel Group's insurance operation, has appointed Mr James Howell as Senior War and...

Other News

Africa

  • Cote d'Ivoire: Government makes 2 types of construction-related insurance mandatory

Asia

  • Hong Kong non-life insurers maintain profitability despite pandemic and economic challenges, says AM Best
  • Cyclone Ditwah floods have minimal impact on Sri Lankan insurers
  • PRISM launches in Singapore and Hong Kong

China

  • Financial capacity alone cannot bridge China's Nat CAT protection gap, per Swiss Re's China chief
  • Bancassurance to evolve and boom with standardised insurer-bank systems interfaces
  • 20 provinces promote provincial-level pooling of social medical insurance
Subscribe eChina

Asia Risk

  • Climate change could become the main driver of biodiversity decline
  • Climate change: Getting harder to find meteorites in Antarctica
  • Almost 85% of supply chains can't respond to disruptions in 24 hours

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    Turkiye:Insurance body calls for shift from family-based to institutional long-term care model
  • 5
    Algeria:State-owned reinsurer increases its share capital to US$308m

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