The Middle East war has added volatility, in particular, to specialty lines' 2026 earnings, according to S&P Global Ratings (S&P).
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).
Gallagher Re has announced these appointments to its programme solutions team:
Multi-class specialty MGA, HIVE Underwriting, has appointed Mr James Lee as Non-Executive Director.
Oil crisis precipitated by the US-Iran War has hurt global growth prospects and has led to lowering of 2026 forecast for global growth by 0.2pp to 2.4%, according to Fitch's Global Economic Outlook June 2026.
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.
Governance issues have surpassed environmental concerns and emerged as top ESG reputational risk in 2026, according to a new global survey.
Hailstones will continue to get bigger in size and become more common as carbon emissions caused by man continue to warm the climate, according to a new study published in the scientific journal Nature in May this year.
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).