Although geopolitical tensions have intensified in the region, the Middle East and North Africa markets present good topline growth potential for reinsurers, and continue to attract international interest, according to a new AM Best report.
Turkiye has taken over the presidency of Turkic World Insurance Union (TWIU), with Mr Atilla Benli elected as the President.
Pacific Life Re, has announced the completion of a structured reinsurance transaction for one of Japan's leading life insurance companies.
AM Best maintained its stable outlook for Indonesia's non-life insurance market, citing steady economic conditions, expanding premiums and new initiatives designed to fortify the sector's financial health.
PNB MetLife has appointed Mr Sagar Balkavde as Associate Director - Statutory Valuation and Reinsurance Administration.
Howden has promoted Mr Elliot Richardson to the role of Chief Commercial Officer for the Group.
Reinsurers in sub-Saharan Africa (SSA) have reported another year of robust underwriting results, maintaining rate adequacy amid moderating market conditions according to a new AM Best report.
Premium discounts recognising cyclone mitigation measures have reached A$9.7m ($6.8m) across homes reinsured by the Cyclone Reinsurance Pool, according to the latest quarterly statistics released by the Australian Reinsurance Pool Corporation (ARPC).
Aon has announced two leadership appointments for Japan Global Solutions (JGS), a global that brings together the firm's integrated risk and human capital capabilities to help Japanese multinational clients respond to changes in their domestic market while continuing to expand internationally.