Willis Re has appointed Mr Jim Summers as CEO, Global Specialties. In his new role, he leads the strategic direction and drives growth across all specialty classes globally.
Al Ain Ahlia Insurance Company (Al Ain Ahlia) has announced the conclusion of Mr Mohd Mazhar Hamadeh's tenure as CEO, effective 11 June 2026. The announcement was made in a company statement disclosed on the Abu Dhabi Securities Exchange (ADX).
The Middle East war has added volatility, in particular, to specialty lines' 2026 earnings, according to S&P Global Ratings (S&P).
Abu Dhabi National Insurance Company (ADNIC) has announced the appointment of Mr Jugal Madaan as Acting CEO.
On Coral Triangle Day, the Insure Our Future coalition said most of the world's largest insurers and reinsurers have not ruled out providing support for liquefied natural gas (LNG) expansion in the Coral Triangle, despite concerns over the environmental risks posed by fossil fuel development in the region.
Africa Specialty Risks (ASR), a developing markets-focused (re)insurance group, has entered into an agreement for a strategic investment by London-headquartered Vitruvian Partners, an international investment firm, which will be ASR's new lead investor.
The Insurance Council of Australia (ICA) and the Insurance Council of New Zealand (ICNZ) will jointly work to establish a Resilient Insurance Markets Initiative, a formal partnership to coordinate advocacy, share expertise, and build more resilient communities across the region.
Markel Insurance, the insurance operations within Markel Group, has launched its fine art and specie offering in Australia, with the appointment of Mr Matthew Stock as Head of Fine Art and Specie - Australia.
Lockton Sime Malaysia has appointed Mr Siva Thangavelu as COO. He brings more than 20 years of financial services experience across banking and insurance to the role.
Saudi Arabian Cooperative Insurance Company (SAICO) has appointed Mr Khalid Ali Ballow as Acting CEO, effective 21 May 2026, according to a bourse filing on the Saudi Stock Exchange (Tadawul).