HDFC International Life and Re Company (HDFC International), based in the DIFC, has recorded profitable operating results in four of the past five financial years (FY2020 - FY2024), with a weighted average return on equity (ROE) of 1.4%, as calculated by AM Best.
China AXA China Region Insurance Company (Bermuda) (AXA Insurance) has announced the official name change of XL Reinsurance (China) Company (XL Re China) to AXA International Reinsurance (Shanghai) Company (AXA International Re).
East Africa Reinsurance Company(EARe) has a track record of adequate operating performance, with return-on-equity moderately exceeding the inflation in Kenya over the past five years, says AM Best.
ISC Group has appointed Ms Carmen Powell as CEO. In her new role, she will continue to lead ISC Group's purpose in the acceleration of women into leadership in (re)insurance and related industries.
The recent floods in the GCC region were an eye-opener for all stakeholders to act to deal with weather-related perils and their impact on the societies and economies of the region, said speakers at the 19th Gulf Insurance Forum in Dubai earlier this week.
There is a significant demand across Asia for affordable, simplified private health and protection products tailored to address risks facing the elderly population, according to the findings of a survey by Reinsurance Group of America (RGA), a leading global life and health reinsurer.
Pricing in the APAC reinsurance market in 2024 is stable due to adequate capacity, reversing from the hard market conditions of 2023, which were characterised by price increases and tighter renewal terms, says Fitch Ratings.
National Reinsurance Corporation's (Nat Re) strong business growth in non-property lines during 2023, mainly driven by the acquisition of foreign agriculture treaties, is viewed to support business diversification; however, effective underwriting risk management remains crucial, says AM Best.
Global reinsurers will feel the impact of Hurricane Milton, S&P Global Ratings (S&P) has said but it does not foresee Milton overstepping the sector's annual catastrophe budgets.
Hurricane Milton will push global industry insured losses thus far in 2024 to over $100bn, which is the fifth consecutive year losses have crossed this threshold, Fitch Ratings has forecast.