Indonesia: Several insurers say they are ready to spin off takaful units

Published on August 31, 2023
Asuransi Tugu Pratama Indonesia (Tugu Insurance) is currently considering spinning off its Shariah Business Unit (UUS) in 2024.
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Turkiye: High investment income in 1H2023 deemed unsustainable

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The high investment income posted by the insurance industry in the first half of this year is not sustainable, given that cost pressures would rise due to inflation caused by the exchange rate

Everest Insurance appoints Melissa McDermott as Global Chief Actuary

August 31, 2023
The insurance division of Everest Group, Ltd., Everest Insurance, has announced the appointment of Melissa McDermott as Global Chief Actuary, effective immediately.McDermott joins Everest Insurance’s experienced leadership team of global executives. She will report directly to Mike Karmilowicz, President and CEO of Everest Insurance.McDermott is a market veteran with 30 years of experience in over