The global insurance sector has remained financially stable at the end of 2025 despite increasing geopolitical tensions, inflationary pressures and elevated sovereign debt levels, according to the International Association of Insurance Supervisors' (IAIS) mid-year Global Insurance Market Report 2026.
Companies in the food, beverage and agriculture sectors are facing a more challenging operating environment this year as concerns over food safety, supply chain disruptions and rising costs intensify.
Markel Insurance, the insurance operations within Markel Group, has promoted Mr Grant Smith to the role of Director of Marine Transportation at Markel International.
Aon has appointed Mr Robert Reville as Senior Managing Director and Casualty Catastrophe Market Leader for Aon's Risk Capital, effective 15 July 2026.
Prudential Singapore (Prudential) has achieved the strongest showing globally in the 2026 Million Dollar Round Table (MDRT) Culture of Excellence (COE) Awards, with 29 agency leaders recognised out of 68 winners worldwide. This was up from 13 winners in 2025, reflecting the strong progress made by Prudential's agency force. Accounting for more than two in five award recipients this year, Prudential had the highest number of MDRT COE Award winners globally.
Asian insurers and the global insurance industry continue to suffer disruptive supply shocks and barriers to the free flow of goods arising from the Middle East conflict.
The Monetary Authority of Singapore (MAS) has issued a consultation paper proposing to establish a legislative framework for a new Protected Cell Company (PCC) corporate structure. This new framework is expected to be implemented in 2028 and will be available to several insurance use cases at the beginning.
The Monetary Authority of Singapore's (MAS) proposed Protected Cell Company (PCC) framework has the potential to be a major advancement for Singapore's insurance and risk financing landscape, reinforcing the country's position as a leading insurance, reinsurance and alternative risk transfer hub in Asia.