Willis Re has appointed Mr Neil Eckert as CEO Chief Executive Officer. He will join the company upon completion of his current contractual obligations.
BRICS member nations have called for harnessing the collective potential of BRICS to build a more self-reliant BRICS insurance ecosystem to support trade among members and enable further discussion on enhancing reinsurance capacities.
Marsh Re has announced the appointments of Mr James Beedle to its Pacific board of directors, subject to regulatory approval, and Mr Justin Ward as CEO of APAC.
Swiss Re has appointed Ms Iris Cheung as Head, Life and Health (L&H) Reinsurance, Hong Kong and Taiwan, effective 1 November 2026.
China has taken a rare move to shore up its five state-owned insurance groups. It's pumping a total of $10.4bn (CNY70bn) of capital into these groups to fortify the sector.
A proposed capital injection from China's Ministry of Finance and proactive capital management at the subsidiary level will likely shore up PICC Group's capital headroom, said S&P Global Ratings (S&P). Meanwhile, the insurance group's ongoing efforts to tighten underwriting and investment risk controls could help safeguard underlying earnings.
The Asia-Pacific (APAC) reinsurance market is likely to remain soft in 2026, with strong capital and ample capacity continuing to drive competition and put pressure on pricing. Ratings agency Fitch Ratings says the expected soft market is likely to weigh on underwriting margins. However, conditions are expected to become increasingly differentiated by geography, line of business, risk profile and cedant loss experience.
As the reinsurance market enters the upcoming renewal season against the backdrop of an increasingly interconnected and rapidly changing risk landscape, clients need support in in identifying evolving exposures and risk accumulations through data and analytics, underwriting expertise and tailored solutions to manage this complex environment.
AM Best has upgraded Singapore Reinsurance Corporation's (Singapore Re) Long-Term Issuer Credit Rating (Long-Term ICR) to "a+" (Excellent), up from "a" (Excellent). The ratings agency also affirmed the reinsurer's Financial Strength Rating (FSR) of A (Excellent) of Singapore Reinsurance Corporation Limited (Singapore Re).
Kenya's insurance industry recorded strong growth with gross direct premiums rising 16.5% to KES466.58bn ($3.61bn), up from KES400.59bn in 2024, according to a statement released by the Insurance Regulatory Authority (IRA).