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.
The news that a Memorandum of Understanding on a peace deal has been signed between the US and Iran could be a positive step toward easing geopolitical tensions in the region.
A new Lloyd's market consortium designed to provide additional marine war risk insurance capacity for vessels and cargo transiting the Strait of Hormuz was launched last week.
The Australian Prudential Regulation Authority (APRA) has written to banks, insurers and superannuation funds, setting out its minimum expectations in relation to their readiness for geopolitical shocks.