The China Reinsurance (Group) Corporation (China Re Group) has carried out a preliminary comprehensive assessment of the impact of the US-Israeli-Iran hostilities on its operations. The Group finds that the current impact of the war on it is generally manageable, but uncertainties remain due to ongoing developments.
Reinsurers are adopting a 'client-by-client' approach for 1 April renewals, amdist the ongoing Middle East armed hostilities, according to a report published by Howden Re.
QBE Insurance Group has announced that Ms Kathryn Lisson will step down from the QBE Group Board at the completion of the Annual General Meeting (AGM) on 8 May 2026, following her decision to retire.
Al Etihad Cooperative Insurance has announced the Board of Directors' decision to accept the resignation of the company's CEO, Mr Hussam AbdulAziz Al-Kannas. The resignation was attributed to personal reasons.
The impact of the Middle East war on Algeria's insurance industry is "Indirect but nonetheless significant", according to the CEO of Société Nationale d'Assurance (SAA, or National Insurance Co) Youcef Benmicia.
The global marine insurance market will continue to support and maintain the availability of cargo, hull, liability and offshore energy covers despite increasing geopolitical tensions in the Middle East.
The Lloyd's Market Association (LMA) has conducted a survey of the main participants in the Lloyd's marine war market in the week after 28 February, when the US-Israel-Iran hostilities commenced. Of those that responded, 88% continue to have appetite to underwrite international (including US and UK) linked hull war risks, and over 90% continue to have appetite to underwrite international (including US and UK) linked cargo. Premium terms differ according to each syndicate's appetite.
Asia-Pacific insurers have sufficient capital buffers to absorb investment and underwriting stresses from the Middle East conflict, in S&P Global Ratings' (S&P) base case.
The conflict in the Middle East is continuing to produce significant risks across maritime trade and global supply chains.