Morocco: Wafa Assurance maintains lead as biggest insurer in 2024

Published on April 1, 2025
Wafa Assurance has maintained its leadership of the Moroccan insurance market in 2024 with a market share of 19.7%. Following it are RMA (14.9%) and Mutuelle Taamine Chaabi (12.9%) in the second and
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Austral Re sees record net profit of BRL 75m in 2024

April 1, 2025
Austral Re has reported a record net profit of BRL 75 million for 2024, an increase of 155% compared to 2023.The firm stated that this record was achieved despite the catastrophic scale of flood losses in Rio Grande do Sul, showcasing its resilience and operational efficiency. Austral Re highlighted that, excluding the impact of the floods, net income could have reached BRL 96 million.The firm’s n

Pool Re completes transition to modernised cat treaty reinsurance scheme

April 1, 2025
With the support of its Members, regulators, and HM Treasury, Pool Re, Great Britain’s government-backed terrorism reinsurer, has completed its transition to a modernised catastrophe treaty reinsurance scheme.Originally announced in March 2024, the new scheme intends to enable Pool Re to better serve its Members by addressing the evolving and increasingly complex terrorism threat landscape.“The ch