The General Secretariat of the Government has released a draft Bill to amend and supplement the Insurance Code to accelerate digital transformation, strengthen policyholder protection, and broaden access to insurance for previously underserved segments of the population.
The Deutsche Ruck Group has been awarded an "A+" rating with a stable outlook by the rating agency Fitch. This is the first time the rating agency has assessed the reinsurer, said the company in a statement.
Japan's life insurers have increasingly relied on reinsurance in recent years, with the overall cession rate as a percentage of total gross premium written for the segment rising to more than 24% in 2023 and 2024 from just under 10% in 2020, according to a new AM Best report.
AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of "bbb" (Good) of Asian Reinsurance Corporation (Asian Re) (Thailand). The outlook of these Credit Ratings (ratings) is stable. Concurrently, AM Best has assigned the Thailand National Scale Rating (NSR) of aa+.TH (Superior) to Asian Re. The outlook assigned to the NSR is stable.
The African Reinsurance Corporation (Africa Re) has reported a profit of $16.0m in 1Q2026, compared to $25.6m in 1Q2025.
Saudi Reinsurance Company (Saudi Re) has appointed Mr Turki Salman Alsudairy as Chairman of its board of directors for a four-year terms effective from May 2026, said a company disclosure filed with the Saudi Arabia Exchange (Tadawul).
The Deutsche Ruck Group, which marks its 75th annniversary this year, achieved the highest premium growth in life reinsurance in 2025, according to a statement released by the global reinsurance company.
MNRB Holdings' proposed acquisition of the remaining 80% equity interest in Labuan Re marks a significant strategic step in strengthening the Group's international reinsurance platform, the holding company said in a statement.
Gallagher Re has appointed Mr Carlos Grijalva as Executive Director, Head of Cyber for APAC.
Asia is emerging as one of the most important growth regions for cyber insurance globally, according to joint research published by cyber risk analytics leader CyberCube and United Insurance Brokers (UIB), the international insurance and reinsurance Lloyd's broker.