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ME conflict: Munich Re books provisions of US$106m for Iran war claims

Reinsurance giant Munich Re has allocated EUR90m ($105.6m) in the first quarter of this year for claims for damages from the Middle East armed hostilities, according to the company's CFO, Mr Andrew Buchanan.


ME conflict: Hannover Re sees little impact from Iran war so far

Hannover Re, one of the world's leading reinsurers, has reported a strong start to 2026, continuing positive trends from recent quarters, despite the uncertainties created by the Middle East conflict.

Orient Insurance reports US$93m net profit after tax in 1Q2026

Orient Insurance, the UAE's leading insurance provider, has delivered solid financial results for the three months ended 31 March 2026. The company continued its positive growth trajectory across key financial indicators, reflecting disciplined underwriting, prudent risk management, and a continued...

Other News

Africa

  • Nigeria: Heirs Insurance sharpens competitiveness with launch of multi-language Gen AI assistant

Asia

  • Conflict Monitor: Chinese insurers to reinsure Russian LNG supplies to China
  • Insurance industry to tackle the 'human gain' in an AI-driven world as Dive In Festival marks its final chapter
  • South Korea: Life insurers pledge major overhaul in consumer services

China

  • 70% of unlisted P&C insurers report lower combined ratios for 1Q2026
  • Landmark reform to compulsory motor insurance pricing takes effect on 1 June
  • Top court rules victims of 'door opening' accidents can file claims directly with insurers of vehicles
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Asia Risk

  • Climate change could become the main driver of biodiversity decline
  • Climate change: Getting harder to find meteorites in Antarctica
  • Almost 85% of supply chains can't respond to disruptions in 24 hours

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