Arig’s shareholders’ equity stood at $256.9 million at 31 December 2017 (end of 2016: $256.6 million) with a book value per share of $1.30, the sam...Source : MiddleEast | 20 Feb 2018
Al Rajhi Capital says that growth in the insurance sector in the Kingdom is dependent on regulatory changes, increased employment and public health insurance. For inst...Source : MiddleEast | 19 Feb 2018
...Australian insurer Suncorp Group has said that its efforts to find a buyer, a partner or a reinsurance deal for its life insurance unit were progressing well -- a move which would see it follow companies like Commonwealth Bank of Australia and National Australia Bank in cutting exposure to a sector under pressure from offshore competitors, reports Reuters....Source : eDaily | 19 Feb 2018
...Saudi Re for Cooperative Reinsurance Co (Saudi Re) saw a successful 2017 with profits soaring by 110% and business from overseas chalking up notable increases....Source : MiddleEast | 18 Feb 2018
...reinsurance subsidiary, Peak Re AG (Switzerland), remain unchanged following the announcement of the deal with PFI.
The international rating agency expects that the new capital injecte...Source : eDaily | 16 Feb 2018
...reinsurance participation and strong levels of inwards reinsurance commission, it said.
“A contraction in premiums derived from these policies, whilst not material to the net premium...Source : MiddleEast | 15 Feb 2018
...reinsurance over the longer term,” said Mr Mahesh Mistry, Senior Director, Analytics, at A.M. Best.
In the international credit rating agency's opinion, the traditional retakaful...Source : MiddleEast | 13 Feb 2018
...Reinsurance Pool, specialises in the reinsurance of catastrophe risks, such as earthquake, tsunami, volcanic eruption, and fires caused by these risks. It is owned by general insurance and reinsuranc...Source : eDaily | 13 Feb 2018
...reinsurance regulations by the end of this month while Mr Vijayan is due to retire on 21 February.
BloombergQuint, citing an IRDAI official, reported that India’s largest reinsurer, G...Source : eDaily | 12 Feb 2018
...reinsurance company. A senior official said that the new legislation may mandate that insurers contribute a share of their premiums to the new entity.
The Authority will lend full supp...Source : MiddleEast | 11 Feb 2018