Saudi Reinsurance Company (Saudi Re) has announced that its shareholders have approved an increase in the company's capital to SAR1.698bn ($452.8m) from SAR1.158bn, the reinsurer said in a statement.
Technical committees of the Insurers' Federation of Egypt (IFE) are currently studying the proposed form of the divorce insurance policy, a line of business provided for under the new insurance law passed in 2024.
Bahrain Kuwait Insurance Company (GIG Bahrain) has a track record of strong operating performance, generating in 2024 a return on equity of 11.6% and a net-net combined ratio of 96.5% (both as calculated by AM Best).
As it continues to build its MGA offering, Miller has appointed Mr David Robinson as MGA CEO and Mr Neil Ross as CUO.