India may announce a dedicated reinsurance fund for ships may be announced soon to provide financial support to shipping companies struggling with rising operational costs amidst rising geopolitical tensions involving the US, Israel, and Iran.
State-owned Turk Reasurans (Turk Re) has reported that its net profit reached TRY3.6bn ($80.8m) for 2025, a 16% jump compared to 2024, maintaining its growth momentum, according to a company statement.
International specialty (re)insurance marine MGA Rokstone has appointed Ms Jackie Lan as Underwriter to its Singapore team.
In New Zealand, HDI Global has promoted Mr Richard Upton to the role of Branch Manager and Head of Financial Lines.
The US International Development Finance Corporation (DFC) and Chubb have announced six additional American insurance partners that will provide reinsurance for DFC's Maritime Reinsurance plan.
Chubb and a group of other insurers have announced that they would be providing an additional capacity of $20bn for the US International Development Finance Corporation's Maritime Reinsurance facility, bringing the facility's total insurance support to $40bn.
Price quotes submitted so far for 1 April reinsurance agreements indicate that no exceptions have been included, with a pragmatic approach being adopted in dealing with the vulnerabilities associated with the Middle East region, according to the Insurers Federation of Egypt (IFE).
China Reinsurance (Group) Co [China Re Group] has posted consolidated insurance revenue of CNY103.1bn for 2025, 1.7% higher than in 2024. Consolidated total premium income reached CNY180.4bn, a year-on-year increase of 1.1%, according to the company's consolidated financial statements.
The China Reinsurance (Group) Corporation (China Re Group)'s investment portfolio is operating smoothly, with risks within a manageable range, despite the war in the Middle East, according to Mr Li Wei, Chief Investment Officer of the Group who is also Chairman of China Re Asset Management.
The global reinsurance market is continuing to soften, with noticeable rate reductions seen in key 1 April renewal regions across Asia and India, according to a recent report by Guy Carpenter, a Marsh McLennan business and leading global risk and reinsurance specialist.