Somalia: Central Bank introduces licensing procedures for takaful operators

Published on July 21, 2025
The Central Bank of Somalia (CBS) has announced the formal commencement of the licensing process for takaful service providers, following the enactment of the National Takaful Law in May 2025, said
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Iraq: Insurance premiums grow by 18% in 1Q

July 20, 2025
?The insurance market has registered a remarkable growth rate in the first quarter of the year, which is a promising sign for the market, said the insurance regulator, Iraq Insurance Diwan (IID).

Peter Hugger joins Stonefort as Member of the Board & Executive Advisor

July 21, 2025
Stonefort Group, a reinsurance specialist headquartered in Luxembourg, has announced the appointment of Dr Peter F. Hugger as Member of the Board of Directors & Executive Advisor.Hugger brings to his new role over three decades of leadership experience in the global reinsurance sector, having held C-level roles in Malaysia, Singapore and Switzerland.Seventeen of those years were spent working in A