QBE has announced these leadership changes, all effective 1 September 2026:
India's insurance sector is poised for massive long-term growth, supported by structural reforms, low insurance penetration, and a favourable regulatory environment, but macroeconomic headwinds and profitability pressures remain key risks, said S&P Global Ratings.
A coalition of business, consumer, community and industry organisations has called on every party in the New South Wales Parliament to commit to scrapping the insurance tax before the March 2027 state election. New South Wales is the only Australian state that still funds emergency services by taxing home, motor and business insurance.
Complaints about general insurance products and services in Australia remained persistently high during 2025-26, according to preliminary data released by the Australian Financial Complaints Authority (AFCA).
QBE has appointed Ms Melanie Willis as an Independent Non-Executive Director of the QBE Group Board, subject to regulatory approvals and effective 1 September 2026.
The Saudi insurance sector continued to expand in 2025, with gross written premiums increasing by 11% to SAR84.3bn ($22.5bn) compared to 2024, according to the Insurance Authority in its latest flagship yearly report, "Saudi Insurance Market Report 2025".
State-controlled Société Nationale d'Assurance (SAA), Algeria's biggest insurer, has increased its share capital to DZD40bn ($301m) from DZD35bn, representing an increase of 25%.
Gallagher has promoted Mr Andy Winwood to the role of Senior Executive Officer for the Middle East and Africa, subject to regulatory approval.
China's unlisted property and casualty (P&C) insurers reported steady premium growth but weaker profitability in the first half of 2026, highlighting mounting pressure on underwriting margins and investment returns despite continued increases in insurance business income.
Zurich Insurance Group reported strong first-half 2026 results for its Asia Pacific business, driven by continued growth in its Life & Savings (L&S) and P&C operations. For the six months ended 30 June, the insurer posted Business Operating Profit (BOP) of $348m, up 15% from a year earlier. Life & Savings BOP rose 19% as insurance revenue increased 16% to $1.4bn. P&C BOP, meanwhile, climbed 12% alongside an 11% increase in GWP to $2.3bn. The business also reported a combined ratio of 94.0%.