Kenya Reinsurance Corporation, which is listed on the Nairobi Securities Exchange, has unveiled a proposal to overhaul its share structure and revamp its board of directors.
Saudi Reinsurance Company (Saudi Re) yesterday launched a branch in Gujarat International Finance Tec-City (GIFT City) in Mumbai, having obtained the approval of the Saudi Insurance Authority and the relevant Indian authorities to open the branch to conduct reinsurance business.
Munich Re has appointed Ms Chotima Puasiri as Chief Representative Munich Re Thailand, effective 1 March.
OnRe, a global property and specialty reinsurer tokenised with ONyc, has announced a strategic partnership with Rhodium Re, a Dubai-based managing general agent (MGA), to expand global underwriting distribution for ONyc.
French global reinsurer SCOR has joined a consortium of more than 10 leading (re)insurers to back a groundbreaking, aggregated global insurance facility for AI and data centre infrastructure.
Global reinsurance giant Hannover Re has announced that Mr Kun Huang has been appointed CEO of its Shanghai Branch, subject to regulatory approval.
The Philippines has long been exposed to climate hazards, from typhoons to floods and earthquakes, due to its geographical location. While the insurance market is stronger than a decade ago, extreme events still test claims operations and the resilience of weaker carriers. To address this, Southeast Asia is developing innovative risk-financing solutions that the Philippines can adopt or scale, says the Philippine Insurers and Reinsurers Association (PIRA) Executive Director, Michael Rellosa.
Continental Reinsurance's (Nigeria) [CRe Nigeria] underwriting performance in 2025 and beyond is expected to trend in line with recent years, supported by stricter underwriting guidelines and more controlled business growth, according to AM Best.
Global reinsurers' profitability will decline but remain strong in 2026, as 1 January contract renewals confirmed further reductions in risk-adjusted prices across most lines, Fitch Ratings says. This aligns with its 'deteriorating' sector outlook for global reinsurance, reflecting moderately weaker, but still sound, operating and business conditions in 2026.