Tower Insurance has appointed Mr Len Elikhis as CFO, subject to completion of regulatory processes and effective 2 November 2026.
Global catastrophe losses remained below historical averages in the first half of 2026, but significant regional disasters, record-setting events and rising insured losses highlighted the evolving nature of catastrophe risk, according to Aon plc's Global Catastrophe Recap: First Half of 2026 report. Global economic losses reached $111bn during H1 2026, 25% below the 21st-century average and the lowest first-half total since 2018. However, the period recorded 23 billion-dollar economic loss events, in line with long-term averages, and 13 billion-dollar insured loss events, exceeding the historical average of 10. Aon said the figures showed that global loss totals alone do not fully capture the impact of disasters on communities, infrastructure, businesses and supply chains.
The insurance market saw total premiums grow steadily in the first quarter of this year compared to the corresponding quarter in 2025, according to the latest monthly publication released by the Financial Regulatory Authority (FRA).
The weakening rupiah exchange rate and declining foreign exchange reserves were key challenges in the insurance industry in the second quarter of this year, with these risks potentially persisting into the second half of 2026, said the think tank IFG Progress in a report.
The sustainability of insurance companies' profitability no longer depends solely on premium growth, but rather on strategic capabilities in managing risk, strengthening underwriting processes, and maintaining the quality of investment portfolios, according to IFG Progress.
The participation insurance (takaful) sector in Turkiye chalked up contributions totalling TRY48.8bn ($1.04bn) in the first six months of the year, 50.1% higher compared to the corresponding half in 2025, in nominal terms, according to data from the Insurance Association of Turkiye (TSB). The real growth was 13.6%.
Global insurers delivered strong premium growth and improved profitability in 2025, but the industry's recent gains are largely cyclical and mask unresolved challenges that it confronts, according to new research released by Bain & Company.
The Turkish insurance sector generated total premiums of TRY744bn ($15.8bn) in the first six months of this year, a 29% increase compared to the corresponding half of last year, according to data compiled by the Insurance Association of Turkiye (TSB).
Al Ahleia Insurance Company (Al Ahleia) has a track record of strong operating performance, reporting improved pre-tax profits over the past five years, reaching KWD29m ($95m) in 2025, equivalent to a return-on-equity ratio of 16%, reported AM Best.
1H2026 reflects a resilient yet more measured performance for Oman's listed insurance sector, as strong topline growth was offset by softer profitability amid a normalisation of earnings, said Badri Management Consultancy, an international actuarial and risk management firm.