Sukoon Insurance has announced a 56% year-on-year (YoY) surge in profit before tax to AED303.2m ($82.3m) for the first three quarters of this year (3Q2025), exceeding its full-year 2024 profit.
The Algerian insurance market recorded a significant increase of 8.1% in revenue in the first half of 2025, reaching DZD99.3bn ($767.0m), including international acceptances, according to data from the National Insurance Council (CNA).
Swiss Re has appointed Mr Mathieu Henry as UAE market head, P&C reinsurance. He will be based in Zurich, overseeing reinsurance activities in the region.
The insurance markets in the GCC are witnessing profound transformation in various aspects of their operations, with growth expected to continue in the current year, propelled by several favourable factors, participants of the 20th Gulf Insurance Forum in Dubai were told.
Reasuransi MAIPARK Indonesia (MAIPARK) noted that the majority of residential homes in Indonesia are uninsured, according to Strategic Planning & Risk Management Group Head of PT Reasuransi MAIPARK Indonesia, Mr Ruben Damanik.
Several banks are moving to establish insurance companies to expand their financial ecosystems and gain a stronger foothold in the bancassurance market. The banks include Asia Commercial Joint Stock Bank (ACB), VPBank and Techcombank.
GIG Insurance-Egypt (GIG-Egypt) has a record of generating strong earnings despite the challenging operating conditions and high inflationary environment of Egypt, states AM Best.
Sompo Insurance Singapore has announced the appointment of Ms Linda Ng as head of property and multi-lines, according to the company's LinkedIn page.
Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, has appointed Mr Andrew Aldwinckle as international casualty CUO, effective 1 February 2026.
The Insurance Council of New Zealand (Te Kahui Inihua o Aotearoa) (ICNZ) is supporting new rules that make natural hazard information in Land Information Memoranda (LIMs) clearer, more consistent and easier for New Zealanders to understand.