Algeria: Market leader shows good technical profitability and moderate investment returns

Published on October 1, 2024
State-owned Société Nationale d'Assurance (SAA or National Insurance), Algeria's biggest insurer, has a track record of stable operating performance, with profit before tax ranging from DZD2.5bn
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Enstar completes $400m LPT with SiriusPoint

October 1, 2024
A wholly owned subsidiary of legacy specialist Enstar Group has closed the previously announced $400 million loss portfolio transfer (LPT) with a subsidiary of Bermuda-based insurer and reinsurer, SiriusPoint.This transaction sees Enstar’s subsidiary reinsure a $400 million portfolio of workers’ compensation business, covering the underwriting years 2018 to 2023.Under the reinsurance agreement, Si

Global cyber attacks will more than double this year to 211, says QBE

October 1, 2024
The number of disruptive and destructive global cyber-attacks taking place each year is set to increase by 105% to the end of 2024, according to a new report from QBE.In fact, the trend shows that these significant, disruptive and destructive global cyber-attacks are likely to more than double this year to 211, compared to 103 in 2020.QBE noted that this forecast comes as the new Labour government