Kuwait Insurance's sharp drop in profit in 2023 attributed to accounting rule

Published on April 1, 2024
Kuwait Insurance Company, the kingdom's oldest insurer that was established in 1960, saw its net profits plunge by 72.5% to KWD12.1m ($39.5m) in 2023, according to the company's audited consolidated
Continue reading on website
Other news

April 1 reinsurance renewals more favourable to buyers: Aon

March 28, 2024
The April 1st, 2024, reinsurance renewals were “more predictable and generally favorable to reinsurance buyers,” with pricing broadly flat for property catastrophe reinsurance, according to insurance and reinsurance broker Aon.Aon’s latest Reinsurance Market Dynamics report, scheduled to be released on April 2nd, reveals that market conditions since 1/1 2024 have continued to favour reinsurance bu

Kuwait: GIG announces changes in leadership

April 1, 2024
LeGulf Insurance Group (GIG) has announced the promotions of Mr Ali Alhendal to CEO and board member and Mr Farid Saber to group COO.