Regional broking group ACE Gallagher Holding has announced the acquisition of United Partners Insurance Brokers (UPI Brokers), a well-established insurance brokerage in Kuwait.
Qatari takaful companies posted profits attributable to shareholders of QAR335m ($92m) in 2025, representing a growth rate of 2.7% compared with 2024, according to Bait Al Mashura Financial Consultations Company.
The fire insurance branch has faced challenges for many years related to high and frequent losses, which require concerted efforts to improve pricing mechanisms and technical evaluation, said Dr Tarek Seif, Vice Chairman of the Financial Regulatory Authority.
The number of claims lodged with insurance companies across all branches stood at 993,194 in the first half of this year, 4.1% higher than the 954,299 submitted in 1H2025, according to data from the General Insurance Committee (CGA).