Global reinsurers' profitability will decline but remain strong in 2026, as 1 January contract renewals confirmed further reductions in risk-adjusted prices across most lines, Fitch Ratings says. This aligns with its 'deteriorating' sector outlook for global reinsurance, reflecting moderately weaker, but still sound, operating and business conditions in 2026.
The India Rendezvous, to be held in Mumbai, India, from the 19-21 January 2026 is a sold-out event, attracting a record number of around 1,100 participants from 49 countries, once again highlighting the growing significance and importance of the Indian market to the international insurance community.
The Global Reinsurance Summit (GRS), conceived in 2023 and shaped through joint efforts of IFSCA-IRDAI and GIFT City, is now poised to continue its journey with third edition scheduled to be held at Mumbai on January 19, 2026.
The Financial Services Authority (OJK) has announced that 115 out of 144 insurance companies (around 80%) in the country have met the 2026 capital requirements.
Chubb Arabia Cooperative Insurance has announced that its board of directors has granted in-principle approval to participate in a 10% equity investment in a new reinsurance company in Saudi Arabia.
Turk Reasurans (Turk Re) has appointed Mr Veli Utku Bay as Deputy General Manager responsible for reinsurance acceptances.
Risk-adjusted property catastrophe decreases in mainland China were common with some reinvestment of savings in additional top layers during the 1 January reinsurance renewals, said Gallagher Re.
Ethiopian Reinsurance (Ethio-Re), the first reinsurance company in Ethiopia, has increased its profit before tax by 45.3% to ETB616.7m ($3.98m) on the back of reinsurance revenue growth, for the financial year ended 30 June 2025 (FY2025).
The UAE insurance industry will witness further growth and development in 2026 and the following years, Mr Khaled Mohammed Al Badi, Chairman of the Emirates Insurance Federation (EIF) and the Gulf Insurance Federation, has said.
P&C (re)insurer Canopius Group has appointed Mr Tesh Patel as Head of Distribution for Australia and New Zealand, effective 6 January 2026, according to a press release from the firm.