An AI hub to modernize the Algerian insurance sector

Published on November 27, 2025
(IA) The Algerian Union of Insurance and Reinsurance Companies (UAR), in partnership with several academic and technical institutions, is establishing a hub dedicated to artificial intelligence.Set up as an Economic Interest Group (EIG), the initiative brings together the UAR, the National School of Artificial Intelligence (ENSIA), the National Hig
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Queensland and NSW storms push Suncorp to maximum reinsurance retention

November 27, 2025
Australian insurer Suncorp expects the recent supercell thunderstorms that brought large hail and destructive winds to South East Queensland and northern New South Wales to hit its full reinsurance retention of $350 million, with the storms prompting more than 10,000 claims as of 26th November 2025.Of the total claims, approximately 5,000 relate to home and 5,000 to motor.Although assessments are

Kestrel Group subsidiary initiates arbitration claim over reinsurance dispute

November 27, 2025
Kestrel Group has disclosed that its subsidiary, Genesis Legacy Solutions (GLS), has initiated arbitration against a ceding company under a reinsurance agreement, citing alleged breaches and misrepresentations.The arbitration arises from a reinsurance contract that provides two types of coverage, Reinsurance Premium Protection (RPP) with aggregate limits of approximately $25 million and Adverse De