The Arab War Risk Insurance Syndicate (AWRIS) has elected Dr Ali Al Wazaney as Chairman of its Technical Board for 2026-2029.
Everest Group has promoted Mr Craig Hanrahan to the role of Global Distribution and Chief Commercial Officer, effective 1 August 2026.
The global insurance sector has remained financially stable at the end of 2025 despite increasing geopolitical tensions, inflationary pressures and elevated sovereign debt levels, according to the International Association of Insurance Supervisors' (IAIS) mid-year Global Insurance Market Report 2026.
MENA RE Underwriters (MENA Re), a wholly owned subsidiary of Doha Insurance Group based in the DIFC, has announced the promotion of Mr Tareq Hussein to CEO cum Senior Executive Officer, effective July 2026.
Asian insurers and the global insurance industry continue to suffer disruptive supply shocks and barriers to the free flow of goods arising from the Middle East conflict.
The three most acute risks affecting China are government-related, according to a report by Economist Enterprise, supported by Marsh Asia.
Across the 1 June and 1 July 2026 reinsurance renewals, insurers achieved double-digit pricing reductions and improved terms and conditions on their property catastrophe reinsurance placements. Global reinsurance demand increased by more than 10%, driven by expanded reinsurer product offerings and stronger appetite from US insurers to purchase additional protection at the top of programs.
Markel Insurance, the insurance operations within Markel Group, has appointed Mr Henry Ang as Head of Terrorism, Singapore.
Tunisia's three-day strike, involving economic segments including that of insurance, is due to end today.