Pru Life UK receives the Philippines' first takaful licence

Published on November 1, 2024
Pru Life UK has made history as it received the first takaful licence in the Philippines.
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Investment income drives Kuwait Re's net profit up by 29% to over US$30m in first 3 quarters

November 1, 2024
Kuwait Re has posted a 29% year on year increase in net profits after zakat to KWD9.5m ($31m) for the first nine months of this year on the back of a surge in investment income.

Insurance premiums for CMBS properties rise 16% in 2023, says Moody’s

November 1, 2024
According to Moody’s, a financial services firm specialising in credit ratings, research, and risk analysis, insurance premiums for commercial mortgage-backed securities (CMBS) properties rose by 16.4% in 2023, far outpacing the 3.4% US consumer price inflation.Rising insurance costs, driven by extreme weather events, are becoming a major financial strain on commercial real estate (CRE), especiall