The Company for Cooperative Insurance (Tawuniya), the biggest insurer in the Middle East, has launched Riyadh Reinsurance Company (Riyadh Re), a new reinsurer with strong domestic, regional and global ambitions.
The Saudi insurance market recorded growth of more than 17% in 2024, with the insurance penetration rate standing at 2.6% of non-oil GDP. The growth rate outpaced the G20 average, pointed out the Chairman of the Insurance Authority Abdulaziz Alboug.
Turkiye Sigorta has announced its gross premium figure for the first 10 months of 2025 on the Public Disclosure Platform (KAP).
HDI Global has appointed Mr John Morrell as head of energy and power underwriting of the Middle East,...
Markel Insurance, the insurance operations within Markel Group, has appointed Ms Luna Bonifacio as senior...