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GCC reinsurers upbeat on 2012 prospectsMarket sentiment remains upbeat among reinsurers and brokers operating in the GCC amid hope that the impact of last year's near-record burden of catastrophe losses will translate into an improved pricing and profitability outlook, according More… |
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Swiss Re confirms large FY loss, writedownsSwiss Re, the world's biggest reinsurer, posted a net loss of 864 million Swiss francs ($735.63 million) and 5.9 billion francs in writedowns for 2008, and said it aims to maintain capital in the AA range in the long-term. The company is t More… |
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Rating boost for Gulf ReGulf Reinsurance (Gulf Re) has won a financial strength rating of A- (excellent) and issuer credit rating of “a-” from A M Best Company, an authoritative source of insurance ratings. Gulf Re is a new specialist reinsurer licensed by the Du More… |
