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.
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'.
Thai Reinsurance Public Company Limited's (THRE) underwriting performance is expected to be weaker in 2025, with the full-year combined ratio around 100% or slightly higher (9M2025: 95.7%, 2024: 85.4%), reflecting losses from the two exceptional natural disasters, according to Fitch Ratings.
PRISM, a newly founded managing general agent (MGA), has officially launched in Singapore and Hong Kong, backed by seasoned industry professionals and specialty insurer and reinsurer Convex, as well as Efinity Insurance Solutions (EIG). A press release from PRISM stated that the company opened for business on 18 December.
BMS Group has announced the launch of BMS (DIFC), having secured the necessary licence and regulatory approval.
Half of the attendees at a Root Platform's Managing General Agents' Association (MGAA) market briefing, are still at the earliest stages of their digital/ and Application Programme Interface (API) transformation journey, according to the results of a live poll conducted at the briefing session.
Korean Reinsurance Company's (KRE) dominant market position will remain unchallenged over the medium term, despite its ongoing portfolio restructuring in the domestic market, according to AM Best.
Pacific Life Re has appointed Mr Soichiro Makimoto as Head of Japan Representative Office. In his new role, he will focus on enhancing Pacific Life Re's presence in Japan, bringing a deeper understanding of clients' needs to support the company's regional growth ambitions.
African reinsurer Continental Reinsurance Holdings has relocated to Botswana from Mauritius, the company has announced.
Global reinsurance giant Swiss Re and Abu Dhabi-headquartered AI-native reinsurance platform RIQ have teamed up to develop innovative capacity solutions, risk origination opportunities and AI-enabled capabilities across the UAE.