Lockton has secured its reinsurance licence in the Kingdom of Saudi Arabia, and has announced that Mr Mohammed Al Rowais will lead the business.
Apollo, a Skyward Group Company, has launched its new international casualty reinsurance class of business, with Mr Tim Mackenzie slated to lead the class when he joins the company in October 2026.
Helium scarcity presents a unique underwriting challenge. However, while it pressures costs and revenues across multiple sectors, it rarely manifests as a singular 'event' that triggers widespread losses across diverse insurance lines, according to Moody's Chief Research Officer-Insurance Solutions Dr Robert Muir-Wood.
Descartes Underwriting, a provider of parametric (re)insurance solutions for climate, cyber and emerging risks, has appointed Mr Jean Hermelin as Chief Strategy Officer. He will also join the Executive Committee.
Financial services group ZimRe Holdings is accelerating its regional expansion strategy, targeting broader African markets on the back of stronger cash flows and a firmer balance sheet.
Kuwait Re began operations at Gujarat International Finance Tec-City (GIFT City) on 1 April 2026 , the company has announced.
Oman Re, the Sultanate's sole reinsurer, has reported a strong financial performance for the first quarter ended 31 March 2026, underpinned by disciplined underwriting, sustained premium growth and prudent investment strategies.
The Reserve Bank of New Zealand (RBNZ) has opened consultation on an exposure draft of a Bill that will amend the Insurance (Prudential Supervision) Act 2010 (IPSA).
Niyam Group has received Lloyd's approval for its Syndicate 2047. The group has also announced the appointment of Mr Devesh Srivastava as its Chairman
The National Insurance Commission (NAICOM) has met executives of about 12 insurers regarded as largely inactive in the on-going recapitalisation drive.