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Reinsurance tag returned 286 results

  • Algeria: 2 state owned insurers to be merged to build local expertise pool

    Two Algerian government owned insurance companies, namely the Algerian Society of Automotive Technical Expertise and Control (SAE-EXACT), and Société Expertise Algérie (EXAL), will merge to create an expertise group, Mr Nacer Sais, the CEO of the National Insurance Company (SAA), has announced.

    Middle East | 19 Aug 2018
  • Kuwait: National reinsurer reports higher 1H profits

    Kuwait Reinsurance Company has reported a profit after tax of KWD1.92m ($6.32m) for the first half of 2018, an increase of 5% as compared to KWD1.84m for the corresponding period last year, mainly contributed by an increase in net earned premium.

    Middle East | 16 Aug 2018
  • Global: Alternative capital unfazed by Nat CAT losses

    There was more than enough inflow of alternative capital to renew coverage for cedants on 1 January 2018, even after severe natural catastrophe events in 2017 caused $138bn in insured losses globally. This had the effect of limiting the extreme price hikes that would traditionally have followed such severe losses, notes S&P Global Ratings.

    Asia | 16 Aug 2018
  • Morocco: Insurance mart sees profit jump by 20% on 11% increase in premiums in 2017

    Insurers in Morocco in 2017 achieved MAD38.7bn ($4.05bn) in premiums, 10.9% higher compared to 2016, according to a report issued by the central bank, Bank Al-Maghrib, in partnership with the Moroccan Capital Market Authority and the Insurance and Social Insurance Supervisory Authority (ACAPS).

    Middle East | 15 Aug 2018
  • AIG reveals Thomas Lillelund as new chief executive for Europe

    AIG has named Mr Thomas Lillelund as chief executive officer of AIG Europe SA. The move will see Anthony Baldwin, current CEO of AIG Europe, become chief executive of AIG's UK entity. This follows the news from April that the business is setting up two new entities, one in the UK and one in Luxembourg, in response to the UK's exit from the EU.

    People | 10 Aug 2018
  • China: Hong Kong to gain as risk management hub with preferential status

    A recent agreement that gives qualified reinsurers in Hong Kong preferential regulatory treatment over offshore reinsurers is expected to boost Hong Kong's standing as a risk management hub in Asia providing reinsurance capacity and expertise, according to a new A.M. Best briefing.

    Asia | 01 Aug 2018
  • Philippines: At least B+ credit rating needed for pension fund's reinsurers

    State run Government Service Insurance System (GSIS) now requires a minimum credit rating of B+ for reinsurers interested in taking part in the pension fund's tender exercise for reinsurance contracts.

    Asia | 01 Aug 2018
  • Global: Half of top 20 reinsurers more exposed to Nat CAT risk this year

    Half of the world's top 20 reinsurers are more exposed to Nat CAT risk in 2018 than in 2017, says S&P Global Ratings in a report titled "Are Global Reinsurers Ready For Another Year Of Active Natural Catastrophes?"

    Asia | 27 Jul 2018
  • Fairfax to infuse life into ITI Re

    ITI Re, touted as 'India's first private reinsurance company', has been sold to Go Digit Infoworks Services, which is owned by the Fairfax group of Canada. The reinsurer with a start-up capital of $77.5m, had been fighting for favourable regulations for over a year.

    AIRPlus | 24 Jul 2018

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