Hurricane Ian losses could exceed $40bn as storm heads to Carolinas: Fitch
Insured losses from hurricane Ian are estimated to range between $25bn and $40bn but the bill could escalate as the…
Rising interest rates wipe 72% off world’s ten largest reinsurers’ net income in H1
Global P&C reinsurers recorded improved underwriting results in the first half of this year but the impact of rising interest…
Best sees potential for profitable growth for sub-Saharan reinsurers
Sub-Saharan Africa’s reinsurance market has expanded during the past decade as a result of steady real GDP growth and international…
IAIS highlights role of supervisors in response to future pandemics
The response to future pandemics is likely to involve multi-stakeholder insurance-based programmes, and insurance supervisors could act as a bridge…
Independent unified insurance regulator to be established in Saudi Arabia
The authorities in Saudi Arabia have approved the establishment of an independent regulatory authority to oversee the insurance sector and…
Optio launches Dubai-based MGA and reinsurance broker
Specialty MGA Optio Group is to establish an MGA and reinsurance broker in Dubai, subject to final approvals from the…
