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Middle East and Africa

This region's insurance markets are expected to undergo rapid expansion

 

Piracy exposure increases in Somali basin because of Red Sea diversions

Rerouting to avoid Houthi aggression has doubled traffic along the international shipping lane through the Indian Ocean and off the coast of Somalia

Somalia Specialty

Galaxy Leader owner in dispute with Codan over loss-of-hire cover

Danish insurer said to be refusing payout, on grounds that Houthis are not a ‘state power’ as per the Nordic Plan

Yemen Specialty

Ascot and Markel lead hull war risk slip on captured Galaxy Leader

Travelers on hook for seafarer kidnap and ransom, market sources say

Israel Yemen

How to equip the modern risk manager

Nina Arquint, Swiss Re Corporate Solutions’ head of Europe, the Middle East and Africa, describes how insurers can meet the evolving needs of risk managers

Europe Middle East and Africa

Gallagher names Jones MEA head of construction and power

Jones joins from Lockton, where he was power and infrastructure senior vice-president

Middle East and Africa Broker

Africa Specialty Risks Ltd to operate as Lloyd's service company

Development enhances group's distribution network, providing brokers in Africa and the Middle East with more efficient access to the Lloyd’s market

Middle East and Africa Specialty

Parametric insurance can play a vital role in east Africa’s battle with severe drought and rain

East Africa rainy seasons are primarily influenced by the movement of the Intertropical Convergence Zone, but they are also affected by major climate patterns: the Indian Ocean Dipole and El Niño-Southern Oscillation

Middle East and Africa Willis Towers Watson

Specialty MGA Africa & Middle East launches with Casablanca office

New managing general agent will focus on international property, energy, cyber, forestry and surety

Middle East and Africa Morocco

Africa Specialty Risks launches marine and aviation division

New division will be led by Aurélien Sauty, who joins from Berkshire Hathaway Specialty Insurance, where he was assistant vice-president for marine in the Middle East

Middle East and Africa Aviation

Burgeoning African market ideal for portfolio diversification

Demand for cover from African businesses is growing as the continental free trade agreement is set to increase the flow of goods and finance, Africa Specialty Risks chief executive says

Middle East and Africa Reinsurance

Gap between Black Sea and Red Sea war risk rates is narrowing

The Russian, Ukrainian and Belarusian war risk exclusion justified earlier differential, but comparative loss records have seen reassessment of risk

Ukraine Yemen

Generali leads slip on Red Sea suezmax blaze cargo

Total loss could double rates for cargo war risk across region, sources say

Yemen London

No payout from oil industry clean-up scheme in event of Sounion spill

Matter rests with war risk insurers, International Oil Pollution Compensation Funds confirms

Yemen Lloyds

Brit’s Keel consortium has 100% line on Red Sea blaze tanker

London underwriters expect rates to move after Houthis set fire to Sounion

Yemen Gard

Staying ahead of the game

The insurance industry can play a crucial role in supporting Morocco as the country prepares to hold the 2025 Africa Cup of Nations and 2030 World Cup

Morocco Viewpoint

Total nat cat losses reach $60bn in H1: Swiss Re

US storm losses at $42bn, with a dozen billion-plus events

International United Arab Emirates
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