East African financial services and insurance group, APA Apollo Group, has announced the successful completion of its acquisition of a majority shareholding in Meticulous General Insurance Company and Metro Life Assurance Company in Tanzania. APA Apollo acquired a 66.7% stake in each business.
Walaa Cooperative Insurance Company has returned to profitability, driven by improvements in both underwriting performance and investment income. The company's insurance service result improved materially over the same period, resulting in a combined ratio below 100%, notes Moody's Ratings (Moody's).
Al Dhafra Insurance Company (ADIC) reported substantial growth during the first half of 2026, with a gross insurance revenue of AED682m ($186m). The growth was primarily driven by marine war cover, due to the ongoing conflict in the region, which is fully reinsured, says AM Best. Growth in this line is expected to normalise over the next few years.
The Company for Cooperative Insurance (Tawuniya) announced the resignation of its Chairman, Mr Abdulaziz bin Ibrahim Alnowaiser, from his positions as Chairman and member of the Board of Directors (Non-Executive), due to his professional commitments.
Provisional figures from the Insurance Authority (IA) revealed that the country's gross insurance premiums increased 35.5% y-o-y to HK$ 573.6bn($73.2bn) in the first half of 2026, driven by long term business.
Insurance regulator, Bank Negara Malaysia, has given an extension to RHB Bank till 11 February 2027 to finalise merger talks with Tokio Marine Asia.
Chubb Life has appointed Mr Abhishek Sharma as Global Head of Data, AI and Analytics.
The Tanzanian insurance market grew by 68.4% to TZS2.55tn ($964m) in gross written premiums in 2025, on the back of mandatory health insurance business, according to the "Insurance Market Performance Report 2025", launched by the Tanzania Insurance Regulatory Authority (TIRA).
The Algerian insurance market generated revenue of DZD102.8bn ($763m) in the first half of 2026, according to the "Economic Briefing on the National Insurance Market" for the first half of 2026 published by the National Insurance Council (CNA).