Bahrain-based reinsurer Hannover ReTakaful's (HRT) war-related exposures are either highly reinsured or subject to war exclusions, and should therefore be manageable, even though it is too early to assess the potential impact of the conflict on HRT's business, says S&P Global Ratings (S&P).
Bahrain and the United Arab Emirates have joined 20 other countries in expressing readiness to help secure shipping through the vital waterway, the Strait of Hormuz, the UAE's Foreign Ministry has said.
Howden has announced leadership appointments and regional structure changes to better serve clients and insurer partners. According to a statement from the firm, these changes will more closely align expertise and shape the business to bring all of its growing capabilities and talent to clients across regional borders.
Global trade credit insurance company, Atradius, says that Qatar is the country among the six GCC states that is most exposed to the on-going military escalation in the Middle East.
The Arab War Risk Insurance Syndicate (AWRIS) has announced the reinstatement of Cargo War cover for shipments transiting high-risk maritime corridors, including the Strait of Hormuz, the Arab Sea, and Bab Al Mandeb.
The Joint War Committee (JWC), which counts syndicate members from Lloyd's in its ranks, as well as representatives from the London insurance market, has listed the waters around Bahrain, Djibouti, Kuwait, Oman and Qatar as high-risk areas, according to a JWC Circular.
The ongoing Iran-Israel military conflict that erupted on 28 February 2026 followed weeks of mounting tensions. But what began as a highly anticipated conflict has now surpassed expectations in both intensity and impact.
Solidarity Bahrain, one of the largest insurance companies in the kingdom and a subsidiary of Solidarity Group Holding, delivered a robust financial performance in 2025, reflecting both strong organic growth and the successful execution of its strategic expansion initiatives, says the company's board of directors in a report in the 2025 audited annual financial statements.
Global reinsurance giant Hannover Re has appointed Mr Ridwaan Patel as CFO of its Bahrain branch and Hannover ReTakaful, subject to approval by the Central Bank of Bahrain.
Attracting and retaining high-quality insurance talent requires a deliberate and long-term approach in Bahrain because the kingdom's (re)insurance market is "relatively small and specialised", according to Mr Mahmood Waheed, Head of Reinsurance at Patrick York Ireland Insurance & Reinsurance Brokers (Bahrain).