Global GDP is expected to expand at a resilient pace of 3.0% in 2026 and 3.4% in 2027, according to a blog by Peak Re, which cited the IMF World Economic Outlook report "Global Economy in Crosscurrents of War and Technology".
The Financial Services Authority (OJK) has revealed that the commercial insurance industry's premium income reached IDR170.98tn ($9.58bn) in the first half of 2026, representing a 2.84% year-on-year (yoy) growth compared to IDR166.26tn in the first half of 2025.
Swiss Re has announced the appointment of Mr Damien Bartlett as Head of Market Unit Life and Health for Middle East and Africa, effective 1 November 2026; and the promotion of Ms Karen Tan to the role of CUO for L&H Re, effective 1 October 2026.
Swiss Re has announced the promotion of Ms Karen Tan to the role of CUO for L&H Re, effective 1 October 2026.
Munich Re generated a net result of EUR 2,211m ($2.55bn) in the second quarter of 2026 and EUR 3,925m in the first half of the year, bolstered by very low major-loss expenditure in property-casualty reinsurance together with a very strong investment result.
Munich Re generated a net result of EUR2,211m ($2.55bn) in the second quarter of 2026 and EUR3,925m in the first half of the year, bolstered by very low major-loss expenditure in property-casualty reinsurance together with a very strong investment result.
Africa Specialty Risks (ASR), the developing markets-focused (re)insurance group, has announced that Fitch Ratings has upgraded ASR Re's Financial Strength Rating to 'A-' from 'BBB+'. The outlook is 'Stable'.
The Saudi insurance sector continued to expand in 2025, with gross written premiums increasing by 11% to SAR84.3bn ($22.5bn) compared to 2024, according to the Insurance Authority in its latest flagship yearly report, "Saudi Insurance Market Report 2025".
Gallagher has promoted Mr Andy Winwood to the role of Senior Executive Officer for the Middle East and Africa, subject to regulatory approval.
Swiss Re reported that its second-quarter net income for 2026 reached $1.3bn, bringing its first-half net income to $2.8bn. This came as improved earnings across all three business units kept the reinsurer on track to meet its full-year target of $4.5bn. The group's return on equity was 22.7% in the first half, while insurance service result rose to $3.5bn from $3.0bn a year earlier. Swiss Re said it paid more than $17bn in claims during the period while maintaining a strong capital position with an estimated Swiss Solvency Test (SST) ratio of 264% as of 1 July.