Middle East and Africa
This region's insurance markets are expected to undergo rapid expansion
Bridging the Africa confidence gap
Many investors still approach Africa with a level of caution that often bears little resemblance to the realities on the ground
Gallagher buys majority share in Saudi broker
The broker acquired majority stake in Ace Re Gallagher Arabia
The Fidelis Partnership launches PVT consortium
Lloyd's-backed consortium can deploy up to $47.5m per risk in the Middle East
ASR inks strategic investment partnership with Vitruvian
Private equity firm to buy the majority share in Africa-focused re/insurer held by Helios
The world has changed, so why hasn’t the insurance market?
Conflicts on the scale of the current Middle East crisis may well arise again, and the insurance market would be wise to reflect that possibility in its risk assessments
Middle East conflict could become costliest PV loss on record
Insured political violence and terror losses arising from the conflict could reach $3bn, Howden Re estimates
Lloyd’s takes big hit for Hormuz loss of hire claims
Non-physical damage loss of hire payouts may run to hundreds of millions of dollars
Construction guarantees are subject to the South African Insurance Act
South African court ruling settles long-contested question about whether construction guarantees constitute non-life insurance policies
QBE Re appoints Cherrak MENA regional head
Reinsurer appoints Scor’s Cherrak to drive growth across Africa and the Middle East
P&I club profitability will improve despite Hormuz exposure, S&P says
Ratings agency believes insurance industry outlook remains solid for immediate future
Lloyd’s faces 'tens of billions of dollars of marine exposure' to Hormuz crisis
Worst-case scenario could see market’s losses exceed 1990s asbestos crisis
Geopolitical tensions could squeeze aviation premiums
A reduction in the number of flights could have a knock-on effect on insurers, WTW warns
Reinsurers to reprice war risk as Hormuz stalemate continues
Limited transits through strait raise legal questions around time requirements for constructive total loss claims
Some ships trapped in Gulf skimping on war risk cover
Benchmark war risk rates have fallen since announcement of ceasefire that expires at midnight April 22
Aviation war market ‘reactive, not proactive’: Hive’s Carman
Aviation war market has failed to learn from Russia as Middle East Gulf tensions test pricing, coordination and leadership, warns Hive chief executive, Bruce Carman
Middle East conflict ‘not about insurance’: Marsh’s Doyle
Broking group working more broadly on business sustainability and supply chain issues, its chief executive says
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