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Kuwait Re's net profit increases by 7% in Jan-Sep period to US$45m

Kuwait Reinsurance Company (Kuwait Re) has recorded a net profit of $45.26m for the first three quarters of this year (3Q2026), 7% higher compared to $42.49m for the corresponding period in 2025, according to interim financial results released by...


MENA: Strong underwriting and investment income drive profitability for GIG

Gulf Insurance Group (GIG) chalks up consistently good operating profitability, driven by sound underwriting results, well-controlled expenses and steady investment income, noted Moody's Ratings (Moody's).

MENA: Study highlights disconnect between confidence and readiness to manage disruption risk

Just two in five (39%) MENA businesses consider themselves to be "very" prepared for significant business disruption as businesses across the Middle East navigate evolving regional circumstances, according to new research from Lockton, the world's largest privately held insurance brokerage and risk...

Other News

Africa

  • Uganda: Consortium and government develop unified climate risk intelligence platform for insurance sector

Asia

  • Fitch revises Tugure outlook to positive on improved financial performance
  • Taiwan estimates US$2.49m in crop insurance claims following Typhoon Champi
  • Australia's insurers urge households to prepare for severe weather despite El NiƱo

China

  • Shanghai launches pilot overseas investment scheme for inward cross-border reinsurance funds
  • CPIC's 9M profit drops 20% on investment volatility while insurance revenue stays flat
  • China retirement readiness improves, but long-term risks persist
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Agents

  • Australia: AIA and Allianz Retire+ partner to tackle retirement wellbeing gap
  • Hong Kong: Prudential embeds AI across insurance operations

Most Read News

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    Turkiye:Insurance industry slides marginally in real terms in Jan-Sep period
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    Kuwait:Regulator mandates digital compulsory motor insurance policies via updated platform
  • 3
    Tunisia:Draft Finance Bill includes 50% insurance subsidy for exports across Africa
  • 4
    India, Middle East and Africa rates decrease, led by property
  • 5
    Qatar:Most motorists choose car insurance based on reputation, not price

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