Al Ahleia Insurance Company (AIC) has maintained its strong underwriting performance and prudent investment profile, and significantly strengthened its business model over the past few years, notably thanks to its subsidiary, Kuwait Re, according to S&P Global Ratings (S&P) in a recent report.
Al Ahleia Insurance Company (AIC) has announced that it had received conditional approval from the Insurance Regulatory Unit (IRU) to add reinsurance activities to its licensed businesses.
The Arab War Risks Insurance Syndicate (AWRIS) delivered strong financial performance for 2025, with net premiums rising by 22.4% and net profit increasing by 20.6% compared with the previous year.
The Monetary Authority of Singapore (MAS) has issued a consultation paper proposing to establish a legislative framework for a new Protected Cell Company (PCC) corporate structure. This new framework is expected to be implemented in 2028 and will be available to several insurance use cases at the beginning.
The Monetary Authority of Singapore (MAS) has issued a consultation paper proposing to establish a legislative framework for a new Protected Cell Company (PCC) corporate structure. This new framework is expected to be implemented in 2028 and will be available for several insurance use cases to start with.
The Monetary Authority of Singapore's (MAS) proposed Protected Cell Company (PCC) framework has the potential to be a major advancement for Singapore's insurance and risk financing landscape, reinforcing the country's position as a leading insurance, reinsurance and alternative risk transfer hub in Asia.
The Monetary Authority of Singapore's (MAS) proposed Protected Cell Company (PCC) framework will give Singapore a structure which can better accommodate specific public sector needs, according to the CEO and Executive Director of SEADRIF, Mr Benedikt Signer. The framework will lower the cost and time of setting up new risk transfer arrangements, which means more room to explore new programmes.
Lusaka-based Finsbury Reinsurance has been assigned an 'A' rating on the National Scale and a 'B' rating on the International Scale by Dubai-headquartered International Credit Rating Agency (ICRA).
The insurance sector in Algeria reported a total revenue of DZD57.3bn ($430m) in the first quarter of this year, rising marginally by 0.2%, compared to 1Q2025, according to data from the National Insurance Council (CNA).
Swiss Re has launched its new Group Broker Management Practice, and appointed Mr Matthias Meyenhofer as Group Broker Executive to lead the new practice, effective July 2026.