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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

United Arab Emirates Property

Munich Re reorganises Asia and Africa operations

Reinsurance giant shuffles regional executives in Asia and Africa, moving Kotak and Eckl

Munich Re Asia Pacific

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 and Africa Legal focus

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

Middle East and Africa Iran

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

Europe Middle East and Africa

Iran attack unlikely to have an impact on insurers: S&P Global

European re/insurers carry ‘relatively immaterial’ liabilities in Israel, rating agency says

Middle East and Africa Europe

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

International Middle East and Africa

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

International Yemen

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

Somalia Marine

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

Yemen London

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

Middle East and Africa Political Risk and Trade

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

Middle East and Africa Legal focus

Gallagher launches Middle East and Africa M&A practice

Broker taps Aon for practice leader and predicts strong M&A market in region 

Middle East and Africa Brokers

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

Middle East and Africa Specialty

Red Sea war risk cover ‘sustainable’: LMA's Roberts

No need to extend high-risk area for now, Joint War Committee secretary says

Middle East and Africa Specialty
See All