The 1 January renewal season in the property reinsurance market witnessed a notable increase in capacity from existing and new local carriers, as well as MGAs, according to Gallagher Re.
The Middle East Insurance Company (MEICO) has announced a strategic decision to fully discontinue its motor insurance licence effective 1 January 2026, following an in-depth study by the board of directors and executive management.
Gross written premiums in the Algerian insurance market grew to DZD143bn ($1.1bn) in the first nine months of 2025 (9M2025), registering a growth of 7.3% compared to the corresponding period of the past year, according to a recent report issued by the National Insurance Council (CNA).
Malakut, a multinational insurance and reinsurance broker, has appointed Mr Sajith Kumar as Chief Commercial Officer, Middle East, based at the company's Dubai headquarters.