Lebanon: Arab Re posts profits in 4 of the previous 5 years

Published on September 3, 2023
Arab Reinsurance Company (Arab Re) has recorded profitable operating results in four of the past five years, with a weighted average return on equity of 3% (2018-2022), points out AM Best.
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Hurricane Idalia expected to be earnings event, reinsurers to be minimally impacted: AM Best

September 1, 2023
Given hardening reinsurance rates and increased retentions, Hurricane Idalia’s effect on reinsurers will be minimal and is expected to be an earnings event for the insurance industry, according to AM Best.Idalia’s fierce winds, torrential rain, and the resulting storm surge battered Florida’s Gulf Coast before continuing onto Georgia and South Carolina. This, analysts have stated, caused significa

Saudi Arabia: Motor insurance prices expected to decline

September 3, 2023
Motor insurance premium rates are expected to fall shortly, says Mr Adel Al-Essa, the spokesman for the insurance sector.