Arabia Insurance Cooperative Company has appointed Mr Resini Alresini as Chief Operating Officer, effective July 2026.
The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MEDGULF) has reduced its accumulated losses decreased to zero as of 29 June 2026.
Saudi Reinsurance Company has obtained the Insurance Authority's approval to complete its acquisition of a strategic 22.5% stake in British company AdA Risk Holding, which owns the operating rights for Syndicate 2024 in the Lloyds insurance market.
Saudi Arabia's health insurance market is growing, but insurers will not capture the full value of that growth through pricing discipline alone, according to L.E.K. Consulting (LEK), an independent global strategy consultancy.
Fitch Ratings has said that it expects The Company for Cooperative Insurance (Tawuniya) to maintain its very strong financial performance over the medium term, underpinned by underwriting discipline and its scale. The international credit rating agency also expects improved market pricing to start feeding into earnings in 2026.
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral credit and political risk insurer and member of the Islamic Development Bank Group, concluded its participation in the IsDB Group Annual Meetings 2026 in Baku in Azerbaijanwith the signing of seven agreements, memoranda of understanding, and insurance policies valued at more than $1bn.
Saudi Arabia's 151-member Shura Council or Consultative Assembly has called on the Insurance Authority to study the challenges faced by the elderly in obtaining adequate insurance coverage. The call was made during a recent regular session of the Council.
Shareholders of Al Rajhi Takaful Company, one of the biggest insurers in Saudi Arabia, have approved an increase of the company's capital by 100% to SAR2bn ($533m). The approval was given at an extraordinary general meeting on 21 June.
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral credit and political risk insurer and member of the Islamic Development Bank Group, and the Arab Trade Financing Program (ATFP) have signed a Bank Master Policy under a Comprehensive Islamic Finance framework, strengthening their longstanding partnership to facilitate trade, enhance access to finance and support sustainable economic growth across member countries.
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) has shown strong business growth in 2025.