The Holmarcom group's proposed acquisition of BMCI, the Moroccan subsidiary of the French giant BNP Paribas, currently awaiting regulatory approval, is shining the spotlight on the group's plans for insurance and banking in Africa.
Turkiye's insurance sector's net profit for the period increased by 63% nominally to TRY168bn in 2025, while the real increase was 25%, notes the global professional services firm KPMG.
Munich Re generated a net result of EUR 2,211m ($2.55bn) in the second quarter of 2026 and EUR 3,925m in the first half of the year, bolstered by very low major-loss expenditure in property-casualty reinsurance together with a very strong investment result.
Opening session speakers at the Sri Lanka International Insurance Summit in Colombo yesterday emphasised on the tremendous opportunities being created in Sri Lanka for insurance industry stakeholders and called for a collaborative approach in building a strong and resilient insurance sector.
QBE has announced these leadership changes, all effective 1 September 2026:
India's insurance sector is poised for massive long-term growth, supported by structural reforms, low insurance penetration, and a favourable regulatory environment, but macroeconomic headwinds and profitability pressures remain key risks, said S&P Global Ratings.
A coalition of business, consumer, community and industry organisations has called on every party in the New South Wales Parliament to commit to scrapping the insurance tax before the March 2027 state election. New South Wales is the only Australian state that still funds emergency services by taxing home, motor and business insurance.
Complaints about general insurance products and services in Australia remained persistently high during 2025-26, according to preliminary data released by the Australian Financial Complaints Authority (AFCA).
QBE has appointed Ms Melanie Willis as an Independent Non-Executive Director of the QBE Group Board, subject to regulatory approvals and effective 1 September 2026.
The Saudi insurance sector continued to expand in 2025, with gross written premiums increasing by 11% to SAR84.3bn ($22.5bn) compared to 2024, according to the Insurance Authority in its latest flagship yearly report, "Saudi Insurance Market Report 2025".