Algeria: Local brokers lobby regulator to open up international reinsurance business

Published on October 19, 2023
Local insurance brokers have called on the authorities to open up international reinsurance business for them to participate directly in it.
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Qatar: AlKhaleej Takaful in partnership with Cigna to offer health insurance

October 19, 2023
AlKhaleej Takaful Insurance, a listed Qatari-based company and Cigna Healthcare, a global health insurance provider, have formed a strategic partnership to deliver health insurance solutions in Qatar.

AM Best revises outlooks to Stable for Milli Re

October 19, 2023
Global ratings agency AM Best has revised the outlooks to stable from negative, and also affirmed the Financial Strength Rating of C (Weak) and the Long-Term Issuer Credit Rating of “ccc” (Weak) of Milli Reasurans Turk Anonim Sirketi (Milli Re) (Türkiye).According to Best, the ratings reflect Milli Re’s balance sheet strength, which the agency assesses as very weak.Best also cited Milli Re’s adequ