The Singapore Reinsurers' Association (SRA) has announced its new Executive Committee line-up for 2024-2025 as well as its new logo and website.
Bank Negara Malaysia (BNM) has issued the Policy Document on Claims Settlement Practices (PD CSP) which sets out the minimum standards on the handling and assessment of general insurance and general takaful claims.
The insurance industry, including takaful, grew by 4% to DZD48.4bn ($359.6m) in 1Q2024 in terms of overall revenue (direct and reinsurance acceptances), according to provisional data from the National Insurance Council (CNA).
Aon has appointed Mr Peter Cheesman as head of analytics for risk capital in APAC. His new role includes APAC commercial risk, and he will take it on in addition to his current responsibilities as head of analytics for reinsurance in APAC.
Howden, a global insurance intermediary group, has entered the Japanese market, launching Howden Re Japan and an insurance-linked securities (ILS) partnership with Keystone ILS Capital.
Reinsurance Group of America (RGA), a leading global life and health reinsurer, today announced it has reached an agreement with Tongyang Life Insurance Company for an RGA subsidiary to reinsure a KRW200bn ($144.35m) in-force block of life policies through coinsurance.
IAG, one of Australia's biggest insurers, has purchased reinsurance protection to mitigate natural perils volatility for the next five years, alongside securing adverse development protection for its A$2.5bn ($1.7bn) long-tail reserves.
London-headquartered Africa Specialty Risks (ASR), the pan-African and Middle East focused reinsurance group, has officially opened its Dubai office, its first in the Middle East.
Mid-year renewals have further consolidated the positive trends at 1 January and 1 April 2024, setting the stage for a more competitive reinsurance market in 2025, said Aon, a leading global professional services firm providing a broad range of risk, retirement and health solutions.