Kuwait: Fairfax becomes majority shareholder of GIG on completion of purchase of stake

Published on January 2, 2024
Kuwait Projects Company (Holding) (KIPCO) officially transferred on 26 December 2023 its 46.32% shareholding in Gulf Insurance Group (GIG) to Toronto-headquartered Fairfax Financial Holdings, in line
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Miller expands Fac team with Guy Carpenter’s Ollie Spells

January 2, 2024
Miller, a specialist re/insurance broker, has appointed Guy Carpenter’s Ollie Spells as Head of London Property Facultative within the company’s Global Facultative team.Spells, who joins the firm this month, specialises in providing complex facultative reinsurance coverages for UK and global property business.In his most recent role at global risk and reinsurance specialist Guy Carpenter, Spells s

Qatar: Investment gains drive QIC's profitability

January 2, 2024
The underwriting results of Qatar Insurance Company (QIC) have been unprofitable and volatile in recent years, with a five-year (2018-2022) weighted average combined ratio (including discontinued