Egypt’s FRA Decision 70 Sets New Governance Floor for Takaful Across North Africa
Egypt's FRA issued Decision No. 70 in May 2026, introducing three takaful operating models and mandatory Sharia boards — a governance overhaul for a…
Region
MEA
Takaful Market Targets $63.6B by 2030 as GCC Growth Exposes a Retakaful Capacity Gap
Takaful market growth heads to $63.6B by 2030 at 11.7% CAGR as GCC mandates accelerate, while a retakaful capacity gap limits Sharia-compliant expansion.
Korean Re Extends Solomon Re Cat Bond to Cover Israel Earthquake Parametric Risk
Korean Re's $75M Solomon Re 2026-1 cat bond adds parametric Israel earthquake coverage for the first time, expanding the ILS market's peril universe into…
Munich Re Names Kevin Rethual CEO of Retakaful as Islamic Finance Hits $3.9T
Munich Re Retakaful 2026 gets a new CEO: Kevin Rethual takes over June 1 as Islamic finance assets surpass $3.88 trillion and takaful grows…
Saudi Re Q1 2026: Net Profit Rises 32% as Revenue Surges 73% on Mandatory Cession Rules
Saudi Re Q1 2026 net profit up 32% to SAR 46.7M, insurance revenue +73% to SAR 560M. How Saudi Arabia's 30% mandatory cession rules…
Iran-US Tensions Drive Aviation and Hull War Risk Premiums Higher Across Gulf Corridor
Escalating Iran-US geopolitical tensions have triggered Lloyd's JWC area updates and 30–60% aviation war risk premium increases for Gulf corridor routes, with marine hull…