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Reinsurance tag returned 1045 results

  • India: Committee proposes ways to grow insurance services in International Financial Services Centre

    The International Financial Services Centres Authority (IFSCA) expert committee on international retail business development in the IFSC has submitted several recommendations in an interim report aimed at making the Gujarat International Finance Tec-City (GIFT) IFSC an attractive destination for life, health and non-life insurance companies.

    Asia | 27 Oct 2020
  • Southeast Asian reinsurers seek growth opportunities in life and health

    The Southeast Asian reinsurance market grew at a moderate pace in 2019, but many reinsurers still recorded underwriting losses due to pricing inadequacy and frequent Nat CAT events, said AM Best.

    AIRPlus | 23 Oct 2020
  • Hong Kong: Peak Re's issuance of securities shows access to diversified capital resources

    Hong Kong-based Peak Re's issuance of perpetual subordinated guaranteed capital securities will further strengthen its risk-adjusted capitalisation over the intermediate term and at the current rating level, says AM Best. The issuance also demonstrates Peak Re's improved level of financial flexibility and ability to access diversified capital resources.

    Asia | 22 Oct 2020
  • Oman: Reinsurer's net profit jumps by 51% in first 9 months of 2020

    Oman Re, the sole reinsurer in the Sultanate of Oman, has reported net profit of OMR1.1m (2.8m) for the nine months ended 30 September 2020, representing a 51% rise compared to OMR725,000 for the corresponding period in 2019. Gross written premium increased by 25% to reach OMR21.8m in January-September 2010 against OMR17.5m for the same period in 2019.

    Middle East | 21 Oct 2020
  • Why risks are being mispriced?

    The insurance marketplace is not that far off a $300bn loss year and it is vital reinsurance and insurance-linked securities (ILS) markets price adequately for climate change risk.

    Asia Risk | 21 Oct 2020
  • Hard market and global recession can be tricky for risk managers

    The hard insurance market should serve as a wake-up call for risk and insurance managers to refocus their efforts on the basics of the profession: Risks, exposures, mitigation and loss prevention, and how to communicate them.

    Asia Risk | 21 Oct 2020
  • Kenya: Reinsurer has long-term strong operating track record

    ZEP-RE has a track record of strong operating performance over the longer term, despite challenging market conditions, evidenced by its five-year (2015-2019) weighted average return on equity (ROE) of 9.4%, notes AM Best.

    Africa | 19 Oct 2020
  • Turkey: Regulator announces minimum capital requirements for various branches of business

    The Insurance and Private Pensions Regulation and Supervision Agency (SEDDK) has announced the minimum capital required of an insurer for different lines of business.

    Middle East | 19 Oct 2020
  • EMEA: Toa Re adds life reinsurance to product offerings of Toa Re Europe

    The Toa Reinsurance Company (Toa Re) is adding life reinsurance to the product offerings of Toa Re Europe (TRE) based in Zurich, in addition to P&C reinsurance business which it started underwriting from end of 2018.

    Asia | 19 Oct 2020
  • Algeria: State owned reinsurer shows strong technical results, good investment returns

    Compagnie Centrale de RĂ©assurance (CCR) has a track record of strong operating profitability, underpinned by robust technical results and good investment returns. Profit after tax but before transfers to the equalisation reserves has ranged from DZD3.2bn ($30.3m) to DZD4.8bn over the past five years (2015-2019), driving a strong five-year weighted average return-on-equity ratio of 12.2% over the same period, says AM Best.

    Middle East | 18 Oct 2020