Middle East and Africa
This region's insurance markets are expected to undergo rapid expansion
Reinsurers brace for commercial property and engineering losses from Dubai floods
Continued flooding could force up premiums and reinsurance costs, AM Best warns
Munich Re reorganises Asia and Africa operations
Reinsurance giant shuffles regional executives in Asia and Africa, moving Kotak and Eckl
The insurance industry should keep an eye on Red Sea attacks
While the Houthi attacks in the Red Sea are being managed there is a real risk to the global supply chain
Middle East tensions fail to move dial on war risk rates
MSC Aries hijack and Iranian missile onslaught see little impact on Red Sea premiums and small hardening on Gulf trips
MS Re names Hottinger head of EMEA P&C division
Switzerland-based reinsurer hires former Axis Re executive to drive growth in European, Middle East and Africa markets
Iran attack unlikely to have an impact on insurers: S&P Global
European re/insurers carry ‘relatively immaterial’ liabilities in Israel, rating agency says
Stable or softening D&O markets in US, Canada and Europe: Gallagher
Middle East seeing influx of new providers due to legal reforms, broker reports
Owners have legal duty to seek release of ransomed crews
War risk, hull and machinery or kidnap and ransom cover will normally foot the bill, with cargo contributing through general average, experts say
Somalia piracy resurgence makes kidnap and ransom cover necessary
When vessels are hijacked, the human beings on board are not always as well insured as the contents of a bulker’s holds
Navium had 100% of war risk on True Confidence
Clive Washbourn-led marine MGA will be on the hook for bulk carrier’s hull value, estimated at $17.6m, but could be protected through sidecar arrangement with reinsurer Fidelis
Viewpoint: Assessing risks in a big year for African democracy
With at least 18 elections scheduled to take place this year in Africa, insurers will need to keep an eye on risk dynamics and the profiles of insured assets and policy contracts
Legal Focus: The Israel-Gaza conflict and international law jurisprudence from the insurance market
Insurance industry jurisprudence has contributed significantly to solid international law principles that are desperately needed right now
Gallagher launches Middle East and Africa M&A practice
Broker taps Aon for practice leader and predicts strong M&A market in region
Clubs scramble to restore Red Sea cover for big-name charterers
Oil majors and trading giants forced to pay extra for cover that was effectively a freebie until now
Reinsurance jitters leave clubs forced to drop Red Sea war risk extensions
Buyback mechanism may be announced in the next few days
Red Sea war risk cover ‘sustainable’: LMA's Roberts
No need to extend high-risk area for now, Joint War Committee secretary says
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