Arab Insurance Group has announced the sale of Tivoli Capital, UK (in run-off). As a result, the UK unit is no longer a subsidiary of ARIG, which did not provide financial details of the sale.
Soft market conditions in the APAC reinsurance market are likely to put pressure on margins and raise risk-management challenges for reinsurers, says Fitch ratings in a new report.
Türk Reasürans has appointed Mr Özgür Bülent Koç as general manager, according to news platform Sigortaci.
Munich Re has appointed Mr Walter Voigts-von Forster as CEO of its Africa branch, effective 1 February 2026 and subject to regulatory approval. He will continue to be head of non-life for Munich Re Africa in addition to his new responsibilities.
HLAP has appointed Ms Kieu An as business development director, effective 22 September 2025. In her new role, she will be responsible for developing and expanding HLAP (re)insurance business across all lines in Vietnam.
Intense competition for this year's Middle East Insurance Industry Awards has produced a distinguished list of 56 finalists, encompassing insurers, brokers, risk managers, service providers, and industry leaders.
Global reinsurers built their capital by at 4.8% to $805bn, as of 1H2025, an increase of 4.8% versus the restated full-year 2024 base, according to Gallagher Re's "Reinsurance Market Report: Results for half-year 2025", published earlier this month. The increase was supported by solid retained earnings.
Lockton Re, the reinsurance business of the world's largest privately held independent insurance broker, has launched a new operation in Dubai.
These are the highlights for events and updates across the insurance industry this week.
OAK Global has appointed Mr Roland Morse as CUO of its new strategic business unit, OAK Enterprise. The unit will be focussed on underwriting retrocession business with an appetite for property and specialty classes, and will provide risk solutions to clients through Lloyd's Syndicate 1440.