Salama to restructure its share capital

Published on October 17, 2025
(salama) At a General Meeting held on 16 October 2025, the shareholders of Islamic Arab Insurance Company (Salama) approved a reduction in the company’s share capital.Following the completion of this transaction, Salama will proceed with the issuance of mandatory convertible Sukuk (MCS) worth 175 million AED (47.6 million USD) to a group of strateg
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Allianz Commercial: Anton Kolbe appointed new CFO for South Africa

October 17, 2025
(anton kolbe allianz commercial) Allianz Commercial has announced the promotion of Anton Kolbe to Chief Financial Officer (CFO), succeeding Kevin Barnes, who is leaving the company.Pending regulatory approval, the appointment will take effect on 20 October 2025.

Closing cyber protection gap a critical societal responsibility: Munich Re

October 17, 2025
Munich Re has warned that the sizeable cyber insurance protection gap, which directly exposes individuals and businesses, makes closing the gap and bolstering cyber resilience not just a strategic priority for the insurance industry, but a “critical societal” responsibility.Speaking at its 2025 Baden-Baden breakfast briefing, Munich Re underscored the scale of the threat, noting that cybercrime is