The Financial Regulatory Authority (FRA) has issued its decision on reinsurance requirements for insurance companies. The decision was published in the Official Gazette on 17 June 2026.
SACE, the Italian export credit agency, owned by the Ministry of Economy and Finance, and Qatar Development Bank (QDB) have signed a reciprocal reinsurance agreement to support export credit transactions involving Italian and Qatari suppliers in international markets.
A new Lloyd's market consortium designed to provide additional marine war risk insurance capacity for vessels and cargo transiting the Strait of Hormuz was launched last week.
Price Forbes has announced the building of its facultative capability in the Middle East and Africa (MEA) region with two senior appointments.
Lockton, the world's largest privately held, independent insurance brokerage, has reported strong financial results for the financial year ended 40 April 2026 (FY2026), with global revenue increasing 12% year over year to approximately $4.5bn, including 11% organic growth, reflecting sustained momentum across the business and continued investment in talent, technology, and global capabilities.
Tysers Singapore has announced that Ms Babita Rai, CEO and Executive Director, Reinsurance is leaving to pursue new interests.
General Insurance Corporation of India (GIC Re) has announced the appointment of Shri Hitesh Rameshchandra Joshi as Chairman-cum-Managing Director (CMD) of the Corporation. The effective date of assumption of charge is 16th June 2026.
The Indian government will divest 5% equity in GIC Re through an offer-for-sale (OFS) for non-retail investors and retail investors this week.
Aon has announced the appointment of Mr Simon Hawkins as Executive MD for reinsurance, within the global legacy team. He will join Aon later this year.
Aon has announced the appointment of Mr Simon Hawkins as Executive Managing Director for reinsurance, within global legacy team. He will join Aon later this year.