Societe Tunisienne de Reassurance (Tunis Re), the leading reinsurer in the northern African country, has reported a 12.5% increase in turnover in the first six months of this year to TND118.6m ($38.2m), compared to the corresponding half in 2023, according to data published by the reinsurer.
Aspen has appointed Mr Christian Dunleavy as group president and Mr Mark Pickering as group chief financial officer and treasurer.
InsuranceDekho, an online insurance platform, has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) to enter the reinsurance broking sector with a composite insurance broking license marking a significant milestone in the company's mission to revolutionise insurance accessibility and distribution across India.
Munich Re's overall profitability and earnings diversification has improved significantly over the past couple of years, says S&P Global Ratings (S&P) which has raised to 'AA' from 'AA-' the long-term issuer credit and insurer financial strength ratings on the entities within the Munich Re group. The outlook is 'Stable'.
Finance Minister Nirmala Sitharaman has proposed in the 2024 Budget unveiled yesterday that a reduction in the TDS (Tax Deducted at Source) rate to 2% from 5% on payouts from life insurance policies.
The Australian Consumers Insurance Lobby (ACIL), a consumer advocacy group, has stressed the urgent need to address the disparity in insurance premiums between northern and southern Australia, advocating for a fairer and more equitable system.
The profitability of Reasuransi MAIPARK Indonesia (MAIPARK) has improved, reflected in an increase in return on equity (ROE) to 10% in 2023, from 7% in 2022, on higher investment income, Fitch Ratings has pointed out.
The Insurance Authority (IA) says that it and the country's insurance sector was unaffected by the 19 July massive global tech outage.
Al Ahleia Insurance Co (Al Ahleia), which is the majority shareholder of Kuwait Re, has an operating performance that is commensurate with a strong assessment, says AM Best.
LM Re has appointed Mr Mark De La Mare as head of Australia and New Zealand, effective October 2024. In his new role, he will lead the LM Re underwriting team based in Sydney and playing a pivotal role in LM Re's strategy for the region.