Saudi Re produces sterling financial results in 2023

Published on March 1, 2024
Saudi Re has posted net profits of SAR124.4m ($33.2m) for 2023, compared to SAR76m for 2022, according to annual financial statements filed by the reinsurer with Tadawul. The increase was 64% or SAR
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IGI anticipates full year 2023 net income to hit $118.2m

March 1, 2024
In its preliminary results, International General Insurance (IGI) has revealed that full year 2023 net income will reach $118.2 million, up from $89.2 million in 2022.IGI also anticipates an increase in gross written premiums to $688.7 million for the full year 2023, representing growth over 2022 of 18.3%.Meanwhile, book value per share is expected to increase to $12.40 for the full year 2023, an

AXA XL names Steddon Head of Crisis Management, UK & Lloyd’s and GCUO

March 1, 2024
AXA XL, the P&C and specialty risk division of global insurer AXA, has made two strategic senior appointments, including the promotion of Mark Steddon to Head of Crisis Management, UK & Lloyd’s and GCUO.Steddon previously served as the Head of UK and Global Product Head, War, Terrorism and Political Violence at AXA XL.At the same time, the insurer has appointed Paul Thomas as Head of Sports, Media