Newly-established reinsurer Riyadh Reinsurance Co (Riyadh Re) is predicted to generate net profits of about SAR30m ($8m) to SAR60m per year in 2026-2028, assumes S&P Global Ratings (S&P) in its base-case scenario.
Egypt's Financial Regulatory Authority (FRA) is allowing life insurance companies to invest directly in precious metals, including gold, in a decision that is the first of its kind in the Egyptian market.
Union Insurance Company, has announced a 49% increase in net profit after tax, reaching AED33.9m for the first nine months of 2025 (9M2025), up from AED22.7m during the corresponding period in 2024.