Archives for INSURANCE - Page 134
Continental Re secures $71.7mn gross premium income in H1
By Charlie Wood Pan-African reinsurer Continental Reinsurance plc has reported a gross premium income of $ million for the first half of 2020. This figure represents a 27% growth…
Continental Re enhances agricultural reinsurance capabilities through Agritask
By Luke Gallin Pan-African reinsurance company, Continental Reinsurance plc, is looking to enhance its agricultural reinsurance operations via the utilisation of Agritask’s risk management platform. Agritask, the…
COVID-19 pressure to drive capital event for top reinsurers: S&P
With insured losses and investment volatility from the COVID-19 pandemic having already eroded much of the industry’s earnings buffers for 2020, analysts at S&P have warned that it may only…
Reinsurer returns still insufficient relative to risks: Moody’s
By Matt Sheehan Despite reinsurance pricing having built much upward momentum over the course of the year, analysts at Moody’s remain adamant that the sector’s returns are still insufficient relative…
Reinsurance capital down 3%, on both traditional & alternative sides: Willis Re
By Steve Evans The traditional and alternative capital sides of the global reinsurance market both declined by around 3% in the first-half of 2020, according to the latest data from…
Underwriting income for US P&C fell by 5.5% in H1, says AM Best
By Katie Baker-- Underwriting income for the property and casualty (P&C) industry fell by in the first half of 2020 when compared with the first half of 2019, on increases…
Tiamiyu Takes Over From Borokini As CIIN New DG
Abimbola Omowunmi Tiamiyu By Ngozi Onyeakusi -' The Chartered Insurance Institute of Nigeria (CIIN) has announced the appointment of Mrs Abimbola Omowunmi Tiamiyu as the new Director General of the…
AM Best Predicts Further Trade Credit Losses For Insurers, Reinsurers in 2020, 2021
As a result of the ongoing global economic crisis, AM Best is anticipating further trade credit losses for both insurers and reinsurers across 2020 and into 2021. Economic Secretary to…
AIICO’s MD/CEO Emerges Winner of Top CEO Award
Babatunde Fajemirokun, MD/CEO, AIICO Mr. Babatunde Fajemirokun, the MD/CEO of AIICO Insurance Plc, has emerged one of the winners in the prestigious Top CEO Award for 2020. The award, jointly…
2020 a critical year for reinsurers: AM Best
AM Best analysts have described why, in terms of both challenges and opportunities, 2020 is a critical year for reinsurers. Current hardening pricing conditions are said to be creating a…
