Peak Reinsurance Company Limited, a Hong Kong-based global reinsurer, has announced that its wholly-owned subsidiary Peak Re (BVI) Holding Limited, has successfully completed the issuance of USD250 million of perpetual…

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to China Reinsurance (Hong Kong) Company Limited (China Re HK) (Hong…

AM Best has a affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb+” of Austral Resseguradora S.A. (Austral Re) and Austral Seguradora S.A.…

Reinsurance Group of America, Incorporated has announced the appointment of Steven C. Van Wyk to its Board of Directors. He will begin his service as an independent director on February…

In this episode of A.M. BestTV, David Blades, senior research analyst, and Chris Draghi, senior financial analyst, both with A.M. Best, said rated insurers operating in Florida appear prepared to…

Qatar Reinsurance Company Limited has announced that with effect from 20 July 2018, it has ceased writing new and renewal business from its branch office in Singapore. The Company will…

A.M. Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa” of Munich Reinsurance Company (Munich Re) (Germany) and its…

Due to pressure from investors, insurers are becoming less tolerant of missed earnings targets. As a result, they are moving to more sophisticated metrics, such as return on equity and…

International (re)insurance broker UIB has launched a retail broking business in Colombia. The new company, UIB Seguros will be headed by CEO, Yolanda Guerra, reporting directly to Tony Dilley, CEO…

Against the backdrop of ongoing geopolitical tensions in the Middle East and North Africa (MENA), political, financial, and economic risks for (re)insurers operating in the region remain elevated. Nevertheless, A.M.…