The board of directors of UAE-based Islamic Arab Insurance Company (Salama) has adopted a resolution to reduce the issued share capital of the company by AED475,710,293 ($129.5m), according to a statement lodged with the Dubai Financial Market on 11 September.
The Insurance Authority (IA), the insurance regulator in Hong Kong has issued a public reprimand on Tahoe Life Insurance Company and also imposed a fine of $10m to be borne by its shareholders' fund.
Nine out of 10 insurance investment managers think climate risk and its impact will become more important to their portfolios and strategies in the next three years according to a new research.
Global reinsurers built their capital by at 4.8% to $805bn, as of 1H2025, an increase of 4.8% versus the restated full-year 2024 base, according to Gallagher Re's "Reinsurance Market Report: Results for half-year 2025", published earlier this month. The increase was supported by solid retained earnings.
SCOR has successfully completed the placement of EUR500m ($585.36m) fixed to floating rate subordinated notes with institutional investors, maturing on 10 September 2055, and eligible as Tier 2 regulatory capital under Solvency II. The transaction met strong investor demand.
All insurance companies that offer mandatory motor third-party liability (MTPL) insurance reported losses in the branch in the first half of this year, according to data from the Insurance Association of Turkiye (TSB).
Increased market activity, coupled with an expansion in coverage, boosted the insurance industry's 2025 half-year financial performance, according a media statement released by the Insurance Regulatory Authority of Uganda (IRA).
Saudi Arabia's motor insurance sector is facing potential losses of up to SAR1bn ($266.5m) this year, according to a new report by Badri Management Consultancy, an international actuarial and risk advisory firm.
Government-controlled listed reinsurance company Kenya Re has posted a 50% growth in consolidated profit after tax to KES1.58bn ($12.2m) for the six months ended 30 June 2025 from KES1.06bn for the corresponding half in 2024, according to interim financial reports released by the reinsurer.
Insurance premiums written in the insurance market increased to TZS1.42tn ($565.7m) in 2024 from TZS911.5bn in 2021, equivalent to a growth of 55.6% over the four years, averaging an annual increase of 11.7%, according to a report released by the Tanzania Insurance Regulatory Authority (TIRA).