For the uninitiated, a reinsurer offers insurance to other insurance companies. Effectively, a reinsurer helps insurance firms manage and transfer risk, particularly large losses. With this ...

Munich Re, the world's largest reinsurer, said that its estimate was a high degree of uncertainty because the losses were complex. Analysts have estimated insurance claims across the industry ...

Illustration: Uttam Ghosh/Rediff.com “The authority reviewed and approved the R2 application of Value Attics Reinsurance, making it the first private-sector reinsurer after GIC Re, the public ...

Shares of Munich Re climbed on Wednesday after the German reinsurer stuck to its outlook and announced it will return money to shareholders, even after announcing more than $1 billion in claims ...

In return, the reinsurer receives a premium for assuming ... risk management strategies and staying ahead of evolving market trends. Reinsurance is a critical component of the insurance industry ...

(RTTNews) - Reinsurer Swiss Re Ltd. (SSREY.PK) reported Thursday higher profit in its fiscal 2024, driven by growth in Insurance revenue. For the year, IFRS net income was $3.24 billion ...

the first reinsurer to be granted registration to carry out exclusively reinsurance business in the revamped regulatory landscape. “It marks a significant step in fostering competition in the ...

At present, state-owned General Insurance Corporation of India (GIC Re) is the only domestic reinsurer. “It is the first reinsurer to be granted registration to carry out exclusively reinsurance ...

“Approval was accorded to grant Certificate of Registration to M/s Valueattics Reinsurance Ltd. It is the first reinsurer to be granted registration to carry out exclusively reinsurance business ...