GCC Insurance Daily
The day's insurance news across the GCC: regulation, governance, AI in insurance, and people moves. Curated, attributed, and linked to the source.
Top story
The labour ministry's new guide links work permit issuance and renewal to a valid health policy, with ministry systems now checking cover automatically at the point of application. The obligations that matter operationally all sit with the employer: minimum approved cover, no passing the premium to the worker, and no cancellation while the permit runs.
Fitch has assigned Aljazira Takaful an insurer financial strength rating of BBB+ and a national rating of AA-(sau), both stable, citing a life portfolio that made up 48% of 2025 gross written premiums and steadies earnings against choppier non-life lines. Capitalisation is the named credit strength, though a non-life combined ratio of 102% in the first quarter shows the general book is still not paying its way.
Abdeladim Bousselam has been promoted to chief underwriting officer of TransRe Europe with immediate effect, around 18 months after joining from Swiss Re to run the Middle East and Africa book. It is a promotion for him and a gap for the region, leaving a senior regional underwriting seat open at a reinsurer that has been adding Gulf capacity.
Each item is a short editorial summary with a link to the original source. Items marked Rumour · unverified are unconfirmed and should be treated with caution. Compiled automatically; corrections welcome.