Singapore: Great Eastern's profits rise by a third to US$439m in 1H2024

Published on August 1, 2024
Great Eastern Holdings (GEH), a leading insurer in Singapore, has announced that profit attributable to shareholders jumped by 34% to S$587.1m ($438.9m) for the first half of this year, compared to
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CrowdStrike outage an opportunity for cyber re/insurance market to reset, says AXIS CEO

July 31, 2024
The recent CrowdStrike-linked IT global outage presents an opportunity for the cyber insurance and reinsurance market to reset appropriately, according to Vincent Tizzio, President and CEO of AXIS Capital.During today’s Q2 2024 AXIS Capital earnings call, Tizzio discussed the impact of the July 19th CrowdStrike outage on the cyber market.He said, “When you think about the business interruption lan

UAE: Number of (re)insurance companies in DIFC stands at 125

August 1, 2024
The insurance and reinsurance sector in the Dubai International Financial Centre (DIFC) numbered 125 companies as of 30 June 2024, compared to 110 a year ago, according to a statement issued by the