The hostilities in the Middle East have triggered a surge in discussions and notifications regarding Constructive Total Loss (CTL), but these have not yet translated into a material rise in accepted claims. The industry is seeing a trend where...
Global reinsurance giant Swiss Re has set aside an additional reserve of $400m for the Middle East war.
Recent global developments have underscored the growing importance of marine insurance and war risk coverage, placing new pressures on the insurance sector, according to a senior official of the Financial Services Authority (FSA).
The first-quarter financial results of insurance companies in Saudi Arabia signal an early but cautious recovery from the widespread pressures observed throughout 2025, according to BADRI management consultancy, an international actuarial and risk consultancy.