The operating performance of Qatar Islamic Insurance Group (QIIG) is strong, says AM Best, which expects profitability to remain broadly consistent with 2025 results over the medium term, supported by strong underwriting profitability and moderate investment returns.
Islamic Arab Insurance Company (Salama), one of the world's largest and longest-established composite takaful companies, has announced a landmark set of 1Q2026 financial results, marking a major milestone in the Group's transformation and recovery journey.
Kuwait-based KIB Takaful has shown a profitable financial performance, as evidenced by a three-year average net income return on equity of 8%, and mainly driven by good underwriting returns, says Fitch Ratings.
The Financial Regulatory Authority (FRA) has issued a decision regarding the rules, standards and controls for companies licensed to practice takaful business, in a step aimed at stimulating the Egyptian market and improving operational efficiency.
The first-quarter financial results of insurance companies in Saudi Arabia signal an early but cautious recovery from the widespread pressures observed throughout 2025, according to BADRI management consultancy, an international actuarial and risk consultancy.
Sukoon Insurance, one of the biggest insurers in the UAE, has chalked up profit before tax of AED141.7m ($38.6m) in the first quarter of this year, a 24% jump year-on-year, driven by an improved operational performance and a prudent income-focused investment portfolio.
Mr Kevin Rethual has been appointed CEO of Munich Re Retakaful, effective 1 June 2026. He will be based in Malaysia and report to Owais Ansari, Head of Regional Market Reinsurance MEA Munich Re.
Middle East Insurance Review (MEIR) has opened nominations for the prestigious Middle East Insurance Industry Awards (MIIA) for this year-which is the 13th annual edition.
Al-Etihad Cooperative Insurance has announced the appointment of Mr Tareq Fahad Bouresly as Managing Director of the company for a six-month period.