The Joint War Committee (JWC), which counts syndicate members from Lloyd's in its ranks, as well as representatives from the London insurance market, has listed the waters around Bahrain, Djibouti, Kuwait, Oman and Qatar as high-risk areas, according to a JWC Circular.
Gulf Insurance Group has announced a net profit of KWD24.7m ($80.3m), for the financial year ended 31 December 2025 (FY2025), 4.6% lower compared to a net profit of KWD25.9m in the previous year.
The Kuwaiti Insurance Regulatory Unit's (IRU) new requirement that insurance and reinsurance companies obtain a minimum credit rating should increase market confidence in their financial strength and support further sector development, Fitch Ratings says.
Kuwait Reinsurance Company (Kuwait Re) has posted a 40.9% increase in net profits to KWD19.9m ($64.9m) for the year ended 31 December 2025, according to the company's audited financial statements.
Kuwait's Insurance Regulatory Unit (IRU) directed that insurance and reinsurance companies operating in the country obtain a credit rating from an accredited international agency that meets the prescribed minimum standards.
Kuwait's Insurance Regulatory Unit (IRU) has issued a resolution to establish a Shariah supervisory advisory committee to review regulatory decisions related to takaful insurance and Shariah-compliant insurance activities.
Kuwait's Ministry of Health has introduced new regulations raising health insurance premiums for expatriate residents, which will ease government budgetary pressure and support the private health insurance sector.
Gulf Insurance Group (GIG) has announced that Mr Khaled Saoud Al Hasan is going to step down from his role as Group CEO with effect from 31 December 2025.
Boubyan Takaful Insurance Company enjoys a strong capital position, Fitch Ratings has pointed out.
The combined net profit of 75 listed GCC insurers remained steady at $1.7bn in the first nine months of this year (9M2025), with mirroring trends from the first half of the year, according to a report by research and consulting firm Insurance Monitor and Lux Actuaries and Consultants.