The operating performance of Damaan Islamic Insurance Company 'BEEMA' (Beema) is strong, as it has consistently reported robust technical performance, according to AM Best. The global credit rating agency expects profitability to moderate over the medium term as the company expands, but to remain strong.
FWD Group has appointed Mr Jeffrey Woo as President Director of PT FWD Insurance Indonesia, following approval from the Otoritas Jasa Keuanganhas.
Alliance Assurances has started a takaful insurance window called "Alliance Takaful" to support Islamic finance development and the public authorities' goal of promoting an inclusive financial industry.
Profitability is becoming increasingly concentrated among larger takaful operators, highlighting structural challenges for smaller firms, according to the "Islamic Financial Stability Report 2026" released by the Islamic Financial Services Board (IFSB).
KFH Takaful Insurance Company has demonstrated a track record of robust profitability, evidenced in 2025 by a consolidated return-on-equity ratio of 17.7% (2024: 22.0%), says AM Best.
Islamic insurance remained broadly stable in 2025, with solvency ratios generally within regulatory requirements across jurisdictions, according to the "Islamic Financial Stability Report 2026" released by the Islamic Financial Services Board (IFSB).
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.
The takaful subsidiaries of Malaysia's reinsurance and retakaful group, MNRB -- Takaful Ikhlas General and Takaful Ikhlas Family, collectively known as Takaful IKHLAS -- recorded a combined profit after tax to MYR108.8m ($27.4m) in the financial year ended 31 March 2026 (FY2026).
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).
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.