UAE: Most insurers to see profit plunge in 2Q2024 due to April floods

Published on July 1, 2024
Profits at UAE insurance companies' profits could plunge by up to one-fourth in the second quarter due to unprecedented rains in April, which caused severe property and vehicle damages.
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Miller appoints Kazuhiko Shinkai as Head of Non-Marine Japan Strategy

July 1, 2024
Miller, an independent specialist (re)insurance broker, has announced Kazuhiko Shinkai’s appointment as Head of Miller Non-Marine Japan Strategy, enhancing their Japanese operations through Lead Insurance Services Limited.Starting on July 1, 2024, Shinkai will manage Miller’s Japanese operations and lead the expansion of the non-marine sector locally.Japan is a key growth market for Miller, which

Global reinsurer capital up 4% to new high of $695bn, reports Aon

July 1, 2024
Analysis by insurance and reinsurance broking group Aon finds that global reinsurer capital increased by 4% during the first quarter of 2024 to a new high of $695 billion, with growth in both traditional and alternative capital.From the end of 2023 to the end of March 2024, global reinsurer capital rose from $670 billion to $695 billion on the back of retained earnings, recovering asset values, an