Saudi Arabia: Insurers' plans for capital increases meet different outcomes

Published on December 1, 2024
The Capital Market Authority (CMA) has approved a plan by Saudi Reinsurance Company (Saudi Re) to increase its capital through a new share issuance. The approval was granted on 25 November 2024,
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Saudi Arabia: Al Rajhi's IFSR reflects its strong market position

December 1, 2024
Al Rajhi Cooperative Insurance Company has announced that it maintains its Insurance Financial Strength Rating (IFSR) of 'A3' with a 'Stable' outlook from Moody's Ratings (Moody's).

Bahrain: Law to be amended for medical liability insurance

December 1, 2024
Doctors in Bahrain will likely be required to acquire medical liability insurance to protect against claims of medical errors, under a proposed law that seeks to consolidate scattered and outdated