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Sufficient retakaful capacity is lacking

02 October 2009

Lack of sufficient retakaful capacity for specialty lines and big risks is one of the biggest challenges for takaful companies, according to speakers on a panel at the Reactions Middle East Reinsurance Conference.

Read more: middle east takaful

Lack of sufficient retakaful capacity for specialty lines and big risks is one of the biggest challenges for takaful companies, according to speakers on a panel at the Reactions Middle East Reinsurance Conference.

According to Oussama Kassi, general manager of Abu Dhabi National Takaful Company, takaful capacity has grown over the last few years. There are now around 15 retakaful operators worldwide, with total paid-up capital of $375m.

But he and other panel members -...


23 July 2014

In this week's issue:
UK insurance rules to change
Rammasun slams into southern China 
McCafferty named Flood Re boss
Mixed year for P&I clubs 

View issue

  • Hurricane Hernan 28 Jul 2014 - The eighth named storm of the 2014 Eastern Pacific hurricane season, Hernan, ...
  • Typhoon Matmo (10W) 25 Jul 2014 - After tracking on land over southeast China, Typhoon Matmo has re-entered the ...
  • Typhoon Rammasun (Glenda/09W) 20 Jul 2014 - Super Typhoon Rammasun (Glenda/09W) on Friday 19 July made three landfalls in ...
For more catastrophe reports, data and news, click through to the RMS/Reactions Catastrophe Centre.