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.
Saudi Reinsurance Company (Saudi Re) has announced its financial results for the year ended 31 December 2025, reporting net profits after zakat of SAR140m ($37.4m).
Malath Cooperative Insurance and Liva Insurance (KSA) have announced via the Saudi Exchange that they have agreed to extend a Memorandum of Understanding (MoU), regarding a potential merger between them. The extension is for a month until 23 March 2026.
The Insurance Authority (IA) in Saudi Arabia has issued a decision to suspend United Cooperative Assurance (UCA) from issuing or renewing insurance policies for all motor insurance products, including comprehensive motor insurance policies, effective from 19 February 2026.
Moody's Corporation announced yesterday that it has established a regional headquarters (RHQ) in Riyadh, Saudi Arabia, reflecting Moody's ongoing commitment to support the development of the Kingdom's capital markets and economy. This investment aligns with the Kingdom's Vision 2030 initiative, and underscores its dynamism and growth.
Newly-established Riyadh Reinsurance Company has obtained the green light to operate in the Egyptian market.
The board of directors of Bupa Arabia for Cooperative Insurance Company (Bupa Arabia or the Company), one of Saudi Arabia's biggest insurers, has announced that an Extraordinary General Meeting is to be held on 5 March 2026, relating to the restructuring of the company into two entities.
Saudi Arabia and Syria have signed a multi-billion-dollar investment package spanning aviation, energy, real estate and telecommunications, to rebuild the latter country after a 14-year civil war.
Saudi Reinsurance has signed a reinsurance contract with Mediterranean and Gulf Insurance and Reinsurance Co (MedGulf).
In the Middle East, Saudi Arabia and the UAE both recorded some improvement in court-related complexities, according to Allianz Trade, as compared to 2022.