Middle East: Gulf Insurance Group's net profits jump by 22% to US$84m in 2024

Published on April 1, 2025
Gulf Insurance Group (GIG) has announced a net profit of KWD25.9m ($84m) for the financial year ended 31 December 2024, an increase of 22% compared to a net profit of KWD21.2m in 2023.
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BOXX announces new appointments including Weekes as Canada President

April 1, 2025
BOXX Insurance, a cyber insurance and protection company, has announced a new organisational structure, including the appointment of a new Canadian President, Jonathan Weekes.Neal Jardine will be joining Weekes team as Global Cyber Intelligence and Claims Officer, and Phil Baker will fully transition to the global Chief Underwriting Officer (CUO).Weekes has extensive experience in the cyber insura

Japanese property cat reinsurance pricing ‘eased from a high base’ at April 1 renewals: Howden Re

April 1, 2025
Japan risk-adjusted catastrophe excess-of-loss (XoL) rates on-line saw reductions of 10-15% at the April 1st, 2025, reinsurance renewals, as pricing “eased from a high base” as sellers looked to protect or grow positions while buyers leveraged support for the more difficult to place programmes, according to reinsurance broker Howden Re.Overall, risk-adjusted rate reductions in Asia Pacific (APAC),