Saudi Arabia: Al Sagr placed on 'Rating Watch Negative' over governance issues

Published on April 1, 2025
Fitch Ratings has placed Al Sagr Cooperative Insurance Company's (Al Sagr) 'BBB' Insurer Financial Strength (IFS) and 'A+(sau)' National IFS Rating on 'Rating Watch Negative' (RWN).
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Apollo names Mike Krefta as Non-Executive Director

April 1, 2025
Apollo, an insurance platform, has announced the appointment of Mike Krefta as Non-Executive Director of Apollo Syndicate Management Limited, pending regulatory approval.With over two decades of experience in the insurance industry, spanning both London and Bermuda, Krefta brings a wealth of expertise.As the former CEO of Hiscox Re and ILS, he led strategic initiatives across teams in Bermuda, Lon

Geopolitical pressures impact confidence among financial services leaders: KPMG Survey

April 1, 2025
KPMG, a provider of audit, tax, and advisory services, has revealed the findings of its latest UK Financial Services Sentiment survey, showing a decline in confidence among financial services leaders regarding future profitability.As geopolitical events continue to disrupt the global economy, over 60% of financial services leaders are increasing their investments in risk mitigation strategies.Desp