The Insurance Authority has adopted beneficial ownership guidelines and granted insurance companies a grace period to comply with the new requirements.
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.
Markel has appointed Ms Audrey Pang as Senior Claims Adjuster, based in Hong Kong. She joins the Asia claims team as the first dedicated claims professional in Hong Kong.
The Tokyo area, an important data centre hub in Asia-Pacific, is one of the most Nat CAT and climate hazard-exposed locations globally, says a HDI Global report.
Australian utilities and agriculture are among the most exposed sectors if El Niño emerges. And as sea-surface temperatures in the central tropical Pacific continue to warm, the country's Bureau of Meteorology (BOM) says El Niño is becoming more likely.
MSIG Singapore has partnered with the newly launched non-profit organisation, Cybersecurity Association Singapore Limited (CASL), to strengthen cyber protection and resilience among for small and medium-sized enterprises (SMEs) in the country.
Cyber risk management is under intense scrutiny in South Korea, following a historic sanction by the country's Personal Information Protection Commission (PIPC).
The National Insurance Commission (NAICOM) has announced that the verified outcome of a recapitalisation exercise in the insurance industry indicates that 43 insurance and reinsurance companies successfully met prescribed Minimum Capital Requirements (MCR) by the statutory deadline of 31 July 2026.
Profitability in the insurance industry in Qatar remained strong and sustainable in 2025, according to the Qatar Central Bank (QCB) in its annual Financial Stability Report released last month.