New Zealand: Insurers' profits are under pressure

Published on November 9, 2023
The profit margins of insurers in New Zealand have been stable; however, the Reserve Bank of New Zealand (RBNZ) expects 2023 data will show a decline following the severe weather events.
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Juniper Re payback period to be relatively short: BRP Group CEO

November 8, 2023
After launching Juniper Re, its reinsurance broking platform in mid-October, BRP Group believes the payback from the investment will be fairly short, with a view to having the business EPS accretive and cash flow positive in 2025, according to Chief Executive Officer (CEO), Trevor Baldwin.Independent insurance distribution company, BRP Group, said when launching its new reinsurance operation that

Singapore: Sumitomo Life invests US$133m for additional 4.9% stake in Singlife

November 9, 2023
announced that Sumitomo Life Insurance Company (Sumitomo Life) has increased its investment in the company by way of a capital injection amounting to S$179,999,996 ($132.6m).