Mandarin Re to establish retakaful window to deliver risk capacity to underserved markets

Mandarin Re, an international short-tail-lines reinsurer, has received regulatory approval from the Labuan Financial Services Authority to establish a retakaful window, paving the way for the company to offer Shariah-compliant reinsurance solutions globally. The approval is granted pursuant to Sec. 77(4) of the Labuan Islamic Financial Services and Securities Act (2010). The newly established retakaful…

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Double-digit price declines in property cat reinsurance likely to persist, says JP Morgan

JP Morgan, the US-based global investment bank and financial services company, expects double-digit price declines in property catastrophe reinsurance to persist into 2027, as strong industry profitability, relatively low natural catastrophe losses and an influx of capital continue to put pressure on rates. The reinsurance market, and notably property and property cat lines, have been…

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