S&P Global Ratings (S&P) has raised its long-term issuer credit and insurer financial strength ratings on Gulf Insurance Group (GIG) and Gulf Insurance and Reinsurance Co to 'A+' from 'A'. The outlook on all ratings is 'Stable'.
Cyprus-headquartered reinsurance brokerage COPE has been approved as a Lloyd's coverholder, the company has announced.
Africa Specialty Risks has appointed Mr Eric Malterre as CUO. In this newly created role, he will be responsible for developing underwriting strategies, driving profitability and ensuring underwriting standards are aligned with the company's risk appetite and objectives.
HDI Global has appointed Ms Alexandrine Ajavon as general manager global network Africa.
Lockton has announced the appointments of Mr Jad Ghazal as chief business officer - direct and Mr Shadi Al Mahameed as chief growth officer - direct.
Scientists have found that global warming in the Middle East and North Africa is making breast, ovarian, uterine and cervical cancer more common and more deadly. The rise in rates is small but statistically significant, suggesting a notable increase in cancer risk and fatalities over time.
Continental Reinsurance Group has announced appointments to both the group and to the Nigerian entity levels.
The global Islamic insurance sector generally maintained solvency positions above regulatory thresholds in 2024, although resilience varied across regions, says the Islamic Financial Services Board (IFSB).
Dusseldorf-headquartered international multiline reinsurer, Deutsche Rück Group, further expanded its business in the 2024 financial year while simultaneously strengthening its financial position, the group said in a statement released yesterday.
Gulf Insurance Group (GIG) has increased its net insurance result by 39% to KWD8.7m ($28.2m) in the first quarter of 2025, up from KWD6.2m in the corresponding period last year, primarily driven by a significant improvement in the performance of its underlying insurance operations across the majority of its subsidiaries and lines of business.