Algeria: Insurers eye rail projects worth US$3bn

Published on July 24, 2024
The value of recently-launched rail projects that are to be insured exceeds DZD400bn ($3bn), indicated the president of the Algerian Union of Insurance and Reinsurance Companies (UAR), Mr Youcef
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CrowdStrike outage unlikely to materially impact re/insurer results: Fitch

July 23, 2024
Analysts at ratings agency Fitch Ratings have said that last week’s mass global IT outage is not expected to have a material impact on the financial results of insurers and reinsurers, with preliminary market estimates of global insured losses in the mid-to high single digit billion USD range.While Fitch does not expect any meaningful financial impact for re/insurers from the event, the rating age

U.S. L/A insurers increased allocations to commercial mortgage loan portfolios in 2023, AM Best

July 24, 2024
A new report from global ratings agency AM Best shows that U.S. life/annuity  (L/A) insurers continued to increase allocations to commercial mortgage loan portfolios in 2023, however, problem loans, which includes those 90 days delinquent, rose sharply.Best’s report explains that life/annuity insurers expanded their allocations to mortgage loans last year by more than 6% to $734.2 billion, with mo