Claim losses from a devastating fire at a residential estate in Hong Kong will add pressure to the underwriting results of the property/casualty (P/C) insurance sector, said S&P Global Ratings in a report released today.
Callidus Consulting (MENA) -- governance, risk and compliance consultants to insurance-related businesses within DIFC and the UAE at large -- celebrated its 15th anniversary in Dubai last week with a vision of growth that embraces the new age.
Abu Dhabi-headquartered BlueFive Capital yesterday announced the launch of BlueFive Insurance, a dedicated platform to lead the consolidation, digitisation, and specialisation of the insurance industry across the Gulf Cooperation Council (GCC) and beyond.
The pace of raising funds by insurance companies intensified in November 2025, with six insurers issuing bonds so far during the month.
Insurers in China are not expected to increase funds raised from bond issuances this year over last year, despite the continued decline in interest rates. Instead, bond issuance has gradually slowed and the total volume has decreased year-on-year, unlike the continuous rise in issuance scale and frequency over the past two years,
The World Bank's (WB) latest Financial Sector Assessment (FSA) report on India acknowledges that India's insurance sector development has been in line with the peers, says the insurance regulator IRDAI in a media statement.
Korean Reinsurance Company (Korean Re) has announced that it has received regulatory approval to establish a new branch in Gujarat International Finance Tech-City (GIFT City), India's first operational smart city and International Financial Services Centre (IFSC). The company plans to officially commence operations in April 2026.
Podium Underwriting has been launched as a specialist MGA, operating as an appointed representative of Superian Insurance Group.
London-headquartered Africa Specialty Risks (ASR), the developing markets-focused (re)insurance group, yesterday announced the launch of Syndicate 2454 in South Africa.
S&P Global Ratings has revised its outlook on Saudi Reinsurance (Saudi Re) to positive from stable. At the same time, the global credit rating agency affirmed the reinsurer's 'A-' long-term issuer credit and insurer financial strength ratings and 'gcAAA' Gulf Cooperation Council regional scale rating on the company.