The Global Reinsurance Summit (GRS), conceived in 2023 and shaped through joint efforts of IFSCA-IRDAI and GIFT City, is now poised to continue its journey with third edition scheduled to be held at Mumbai on January 19, 2026.
The Financial Services Authority (OJK) has announced that 115 out of 144 insurance companies (around 80%) in the country have met the 2026 capital requirements.
Chubb Arabia Cooperative Insurance has announced that its board of directors has granted in-principle approval to participate in a 10% equity investment in a new reinsurance company in Saudi Arabia.
Turk Reasurans (Turk Re) has appointed Mr Veli Utku Bay as Deputy General Manager responsible for reinsurance acceptances.
Risk-adjusted property catastrophe decreases in mainland China were common with some reinvestment of savings in additional top layers during the 1 January reinsurance renewals, said Gallagher Re.
Ethiopian Reinsurance (Ethio-Re), the first reinsurance company in Ethiopia, has increased its profit before tax by 45.3% to ETB616.7m ($3.98m) on the back of reinsurance revenue growth, for the financial year ended 30 June 2025 (FY2025).
The UAE insurance industry will witness further growth and development in 2026 and the following years, Mr Khaled Mohammed Al Badi, Chairman of the Emirates Insurance Federation (EIF) and the Gulf Insurance Federation, has said.
P&C (re)insurer Canopius Group has appointed Mr Tesh Patel as Head of Distribution for Australia and New Zealand, effective 6 January 2026, according to a press release from the firm.
The 1 January renewal season in the property reinsurance market witnessed a notable increase in capacity from existing and new local carriers, as well as MGAs, according to Gallagher Re.
Property-catastrophe reinsurance renewals in the Asia Pacific region were competitive at 1 January 2026, noted Howden, the global (re)insurance intermediary group.