Instability in the economy, problems with underwriting performance, and the scarcity of reinsurance protection are some of the main reasons why AM Best is keeping its negative outlook on the…
For the fiscal year that concluded on December 31, 2022, Gulf Insurance Group (GIG) reported a net profit of KD38.2 million ($124.7 million), or 134.56 fils per share, as opposed…
Maghrebia Vie recently disclosed that it had increased its net profit by 28.3% to 16.151 MTND in 2022 MD from 12.587 MTND in 2021. The written premiums have changed more…
According to analysts at Jefferies, the cost of automobile insurance in the UK continues to rise. Premiums were +35% higher YoY in February and +3.4% higher than they were in…
Subject to regulatory approval, Emma Loynes has been appointed as the new Country Manager for Lloyd's in Singapore. Emma Loynes will also assume the role of Chief Executive Officer (CEO)…
The Association of Insurance Companies of Cameroon (ASAC) has published the provisional market figures for the year ended 31 December 2022. The total turnover of Cameroonian insurers increased by 10.12%…
Allianz Re, the global reinsurance unit of the Allianz Group, announced Sang Hun Park as its newest global head of retrocession, effective 1 May. Park joins from Munich Re, where…
In a recent announcement made on the 31st of March 2023, Chubb announced the appointment of Benoit Chasseguet as Country President for France. Subject to regulatory approval, the appointment is…
In the fourth quarter of 2022, the total assets of Nigeria's insurance sector increased to N2.33 trillion, according to the National Insurance Commission's (NAICOM) most recent report. A total premium…
La SAA (Société algérienne des assurances) renforce son réseau de partenaires en vue de consolider sa position sur le marché et diversifier ses produits. En l’espace de quelques jours seulement,…
