Middle East and Africa
This region's insurance markets are expected to undergo rapid expansion
World Bank looks to expand into drought catastrophe bonds
New instruments will primarily focus on Africa, where some areas are experiencing their worst drought in years
Chubb appoints Kelaher to lead Europe and Mena
Insurance giant promotes Australian and New Zealand country president following departure of Sara Mitchell
War risk proceeds propping up marine hull market
A windfall worth hundreds of millions of dollars to marine underwriters is being used to keep prices down in other lines, brokers contend
Egypt passes insurance reform
New law increases capital requirements for insurers and reinsurers
Fidelis Partnership opens Abu Dhabi office
MGU hires former Oneglobal senior executive Matthew Warren to lead new office
Vessel Protect increases limits for hull and cargo war risk
Move comes after Howden’s recent launch of cargo facility for the Red Sea
Ten lessons from Dubai flooding event
Dubai’s recent cataclysmic flooding highlights the urgent need for improved flood resilience and preparedness measures
UAE flooding insured losses could top $850m: Guy Carpenter
Reinsurance broker says floods could raise awareness of underinsurance, as AM Best maintains stable outlook on region’s insurance sector
Africa Specialty Risks launches syndicate
Reinsurance group launches market's first Africa-focused Lloyd's syndicate
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
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