AM Best has assigned a Financial Strength Rating of 'B' (Fair) and a Long-Term Issuer Credit Rating of 'bb' (Fair) to Royal Insurance Company (Royal) (Egypt). Additionally, AM Best has assigned the Egypt National Scale Rating of 'aaa.EG' (Exceptional) to Royal. The outlook assigned to these Credit Ratings (ratings) is stable.
Lloyd's of London has signalled its intentions to enter the International Financial Services Centre (IFSC) GIFT City in India.
Fitch Ratings has maintained a 'neutral' outlook on the APAC insurance sector for 2026. This reflects robust performance and strong solvency buffers across most markets in the region.
The operating performance of Mongolian National Reinsurance (Mongolian Re) is viewed as adequate, says AM Best.
Allianz SE, Reinsurance (Allianz Re) has appointed Ms Anna Kohls as Regional CEO and Head of P&C Client Management of its reinsurance branch in Singapore, effective 1 January 2026 and subject to regulatory approval.
Allianz SE Reinsurance has appointed Ms Anna Kohls as the new Regional CEO and Head of P&C Client Management of its reinsurance branch in Singapore, Allianz SE Reinsurance Branch Asia Pacific (Allianz Re APAC), effective 1 January 2026.
Standard and Poor's Global Ratings (S&P) has raised the global scale long-term issuer credit and insurer financial strength ratings of Africa Re (African Reinsurance Corporation or Corporation) to Full 'A' with a 'Stable' outlook from 'A-' with 'Positive' outlook, the reinsurer states in a media release.
The Central Reinsurance Company (CCR) has announced an increase of its share capital to DZD40bn ($308m) from DZD30bn.
A material portion of the gross incurred loss in the deadly Hong Kong apartment fire is to be transferred to reinsurers, which may halt downward pressure on Hong Kong property reinsurance rates amid a global reinsurance softening backdrop, AM Best expects.
Claim losses from a devastating fire at a residential estate in Hong Kong will add pressure to the underwriting results of the property/casualty (P/C) insurance sector, said S&P Global Ratings in a report released today.