Bahrain-based FAIR Oil & Energy Insurance Syndicate has a track record of robust underwriting performance, demonstrated by a four-year (2022-2025) weighted average net/net combined ratio of 78.6%, as calculated by AM Best.
The forecast for region-wide GDP growth in MENA in 2026 has been revised from 3.9% to 3.1%, in line with the base-case assumption that the US-Iran conflict will be time-bound for up to four weeks, said BMI, a UK multinational research firm and a subsidiary of Fitch Solutions.
Liberty Specialty Markets, part of Liberty Mutual Insurance Group, has appointed Ms Winsee Cheung as Divisional Director, Delegated Authority Practice.
Gulf Insurance Group has announced a net profit of KWD24.7m ($80.3m), for the financial year ended 31 December 2025 (FY2025), 4.6% lower compared to a net profit of KWD25.9m in the previous year.
The General Arab Insurance Federation (GAIF) and the Jordan Insurance Federation (JIF) have announced the launch of the official website for the 35th General Conference of GAIF - GAIF2026.
Markel Insurance has promoted Mr Phil Amlot to the position of Head of Trade Credit for Markel International.
Composite insurance rates in the fourth quarter of 2025 decreased 10% in the IMEA region, where rates for large and complex organisations were often impacted by the reinsurance market, according to the "Global Insurance Market Index' report published by the world's biggest insurance broking group Marsh.
Gulf Insurance Group (GIG), one of the leading insurance groups in the Middle East and North Africa and the largest in Kuwait, has announced comprehensive rating affirmations across its regional operations, demonstrating the Group's consistent financial strength and strategic execution across diverse markets. All regional subsidiaries achieve investment-grade ratings reflecting strong operational performance.
Artificial Intelligence (AI) and modern technology are reshaping the role of actuaries in the insurance industry; however, there remains a dearth of qualified experts in the Arab world, said speakers at the fourth edition of the International Arab Actuaries Conference in Dubai.
In the Middle East, Saudi Arabia and the UAE both recorded some improvement in court-related complexities, according to Allianz Trade, as compared to 2022.