Iran Launches Bitcoin-Backed Maritime Cover to Bypass Western Sanctions in Hormuz
Iran maritime insurance platform Hormuz Safe offers bitcoin-settled tanker coverage in Hormuz, bypassing SWIFT and OFAC after war-risk premiums spiked 40x.
Region
MEA
Munich Re Books €106M in Iran War Provisions as Hannover Re Reports Zero Exposure
Munich Re's €90M Iran war provisions vs Hannover Re's zero reserve reveals how specialty book concentration amplifies geopolitical tail risk in Q1 2026.
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…
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…