Lloyd's of London will set up a regional office in Nairobi in an agreement signed in London with the Nairobi International Financial Centre Authority.
Gallagher Re has appointed Mr Pablo Muñoz as CEO of global facultative reinsurance. In this newly created role, he becomes a member of the Reinsurance Global Executive Committee and will collaborate closely with Gallagher Re's leadership team to enhance the firm's facultative capabilities and broaden its client reach.
The plan by the Tasmanian Liberals to establish a state-owned insurance company would put significant financial risk onto the public balance sheet according to Insurance Council of Australia (ICA).
Howden Re has launched its Hong Kong focussed reinsurance broking platform with the appointment of Mr Roy Wong as managing director, reinsurance, effective 21 July 2025.
Saudi Reinsurance Company (Saudi Re) has signed a contract with The Company for Cooperative Insurance (Tawuniya), to reinsure the compulsory Inherent Defects Insurance (IDI) pool.
The Dubai International Financial Centre (DIFC) has announced that Advantage Reinsurance Management, a managing general agent, has joined the growing community at the financial hub.
Mr Achim Bosch has taken over the position of CEO of Deutsche Rückversicherung (Deutsche Rück). The Supervisory Board of Deutsche Rück appointed him CEO on 18 November 2024. Mr Bosch joined Deutsche Rück in 2019 and has been a member of the Board of Executive Directors since.
Speaking at the Lujiazui Forum on June 19, National Financial Regulatory Administration (NFRA) Property Insurance Department director-general Yin Jiang'ao said that China's reinsurance sector remains underdeveloped relative to the size of its primary insurance market.