Saudi Arabia and Bermuda will collaborate to build on the kingdom's financial services industry particularly in insurance.
The 20th Gulf Insurance Forum (GIF) concluded with a series of strategic recommendations for insurers and reinsurers across the GCC, underscoring the need to keep pace with fast-evolving regional and global developments.
The 21st Singapore International Reinsurance Conference (SIRC) opened with a strong message of resilience, collaboration and future-readiness as the global reinsurance community gathered in Singapore in record numbers.
Kuwait Reinsurance Company (Kuwait Re) reported a net profit of KWD12.96m for the first three quarters of this year (3Q2025), 36.4% higher than the KWD9.50m posted for the corresponding period in 2024, according to interim financial reports released by the reinsurer.
Saudi Reinsurance Company's (Saudi Re) reinsurance revenues surged by 45.27% year-on-year (YoY) to SAR1.19bn ($317.3m) in the first nine months of this year (9M2025) from SAR824.15m in 3Q2024.
Oman Re, the Sultanate of Oman's sole reinsurer, has announced strong financial results for the nine months ended 30 September 2025 (9M2025), recording a net profit after tax of OMR3.2m ($8.4m).
China's reinsurance industry is entering a new phase of accelerated development, with 26 onshore reinsurers now operating in Shanghai's Lingang area and six overseas institutions establishing trading seats at the Shanghai International Reinsurance Registration and Trading Centre. By the end of the third quarter of 2025, total registered transactions at the centre reached CNY110bn($15.4 bn), with cumulative trading volume of CNY4.5bn.
With the theme 'Unlocking Reinsurance', and titled 'Opportunities in a Changing Climate: Building Catastrophe Resilience in Thailand', the Thailand Reinsurance Conference 2025 opened with welcome remarks from Thai General Insurance Association president Somporn Suebthawilkul.
Sukoon Insurance has announced a 56% year-on-year (YoY) surge in profit before tax to AED303.2m ($82.3m) for the first three quarters of this year (3Q2025), exceeding its full-year 2024 profit.
Swiss Re has appointed Mr Mathieu Henry as UAE market head, P&C reinsurance. He will be based in Zurich, overseeing reinsurance activities in the region.