Al Etihad Cooperative Insurance has announced the Board of Directors' decision to accept the resignation of the company's CEO, Mr Hussam AbdulAziz Al-Kannas. The resignation was attributed to personal reasons.
Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (Medgulf) has reported net income after zakat amount of SAR41.06m in 2025, compared to SAR101.99m for 2024, plummeting by 59.7%, according to financial results released by the company on the Saudi Exchange (Tadawul).
The Insurance Authority (IA) has approved a regulation setting out licensing requirements for underwriting activities by insurance companies and Managing General Agents (MGAs), as part of its efforts to develop the regulatory framework of the insurance sector and enhance professional standards. The IA stated that the move also aims to support market stability, strengthen governance and promote growth and transparency.
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 board of Al-Rajhi Company for Cooperative Insurance (Al Rajhi Takaful), among the top three Saudi insurers in terms of premiums, has proposed to increase in the capital of the company by granting bonus shares to the company's shareholders.
Bupa Arabia for Cooperative Insurance Company (Bupa Arabia or the Company) has announced that its shareholders have approved the demerger of the Company's assets and liabilities.
Arabia Insurance Cooperative Company (AICC) has announced the termination of the MOU and all negotiations related to the proposed merger with United Cooperative Assurance Company (UCA), based on the mutual consent of both parties, according to a statement AICC lodged with the Saudi Exchange (Tadawul).
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).