Türkiye: MAPFRE Sigorta improves financial results for 2023

Published on July 1, 2024
MAPFRE Sigorta reported a much improved financial performance in 2023, with a net income of TRY72m ($2.18m) [2022: a loss of TRY401m], noted Fitch Ratings.
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Kuwait: Al Ahleia Insurance's ratings outlooks revised to 'Positive'

July 1, 2024
Al Ahleia Insurance Co (Al Ahleia), which is the majority shareholder of Kuwait Re, has an operating performance that is commensurate with a strong assessment, says AM Best.

One80 introduces GeneBridge reinsurance product for gene therapy

July 2, 2024
One80 Intermediaries (One80), an insurance broker based in Boston, announced the launch of GeneBridge, an innovative product designed to reduce the financial burden of high-cost gene therapy claims.Matthew Power, President, One80, commented: “With the number of gene and cell therapies expected to double over the next two years, we saw a great need to mitigate the potentially catastrophic financial