Market sentiment remains upbeat among reinsurers and brokers operating in the GCC amid hope that the impact of last year's near-record burden of catastrophe losses will translate into an improved pricing and profitability outlook, according
Swiss Re, the world's biggest reinsurer, posted a net loss of 864 million Swiss francs ($735.63 million) and 5.9 billion francs in writedowns for 2008, and said it aims to maintain capital in the AA range in the long-term.
The company is t
Gulf Reinsurance (Gulf Re) has won a financial strength rating of A- (excellent) and issuer credit rating of “a-” from A M Best Company, an authoritative source of insurance ratings.
Gulf Re is a new specialist reinsurer licensed by the Du