Saudi Arabia: Profits to support insurer Al Rajhi's capital

Published on July 1, 2024
The profit-generating activities of Al Rajhi Co for Cooperative Insurance (ART) are expected to support the company's capital adequacy over the next two years, says S&P Global Ratings (S&P).
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AXA XL names Kuklinski as Regional Manager, Northern Europe & Country Manager, Germany

July 1, 2024
AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, has appointed Kai Kuklinski as Regional Manager, Northern Europe and Country Manager for Germany (Branch Manager of XL Insurance Company SE’s German branch), effective August 1st, subject to regulatory approvals.Kuklinski’s remit will oversee the insurer’s operations in Northern Europe including regions like S

Cyber insurance growth to shift to non-US markets by 2030: Howden

July 1, 2024
Howden, the insurance intermediary group, has released its fourth annual cyber report, “Risk, Resilience and Relevance,” noting market stabilisation last year due to improved cyber hygiene following a surge in ransomware claims in 2020 and 2021.According to the report, carriers and brokers have made notable strides in enhancing price stability, coverage clarity, and the consistency of terms and co