Maghrebia-Vie
Maghrebia Vie announces a 28.3% increase in net results in 2022
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…
Chedid Re
Saudi Lands Chedid Re’s No.1 Regional HQ Title
The Kingdom of Saudi Arabia will serve as the headquarters for Chedid Re Europe's regional operations in the Middle Eastern reinsurance market, the company has announced. Chedid Re Europe is…
Jonah Tomno
Jonah Tomno, becomes the new CEO of Star Discover Insurance
Jonah Tomno has been appointed CEO and Principal Officer of Star Discover Insurance, an insurtech company established in Nairobi, Kenya, in 2021. J. Tomno has over 20 years of experience…
Sergio Ermotti from Swiss-Re to UBS
Sergio P. Ermotti will step down as Swiss Re’s chairman
After the AGM, Sergio P. Ermotti will step down as Swiss Re's chairman; Jacques de Vaucleroy has been named vice chair to oversee the transition and succession process. The Board…
Tunis-Re
Tunis Re réalise un chiffre d’affaires record en 2022 à 190 millions de dinars
Au titre du quatrième trimestre 2022, l’évolution de l’activité de Tunis Re s’est caractérisée par : Un chiffre d’affaires de 189,709 MDT, en progression de 16% par rapport au 31/12/2021…
KENYA RE
Kenya Re Pockets a net profit of US$27.5 million in 2022, up 15% from 2021.
For the fiscal year that concluded on December 31, 2022, Kenya Reinsurance Corporation (Kenya Re) reported a consolidated net profit of KES3.62 billion ($27.5 million), 15% more than the KES3.16…
UK vehicle insurance premiums continue to rise by 35% year over year, according to Jefferies.
UK vehicle insurance premiums continue to rise by 35% year over year, according to Jefferies
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…
Emma Loynes to become CEO of Lloyd’s Asia
Emma Loynes appointed CEO of Lloyd’s Asia
Subject to regulatory approval, Emma Loynes has been appointed as the new Country Manager for Lloyd's in Singapore. She will also assume the role of Chief Executive Officer (CEO) of…
Cameroon insurance market: 2022 provisional turnover
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%…
Sang Hun Park returns to Allianz Re
Sang Hun Park returns to Allianz Re to lead retrocession
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…