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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

Viewpoint Energy

Gallagher buys majority share in Saudi broker

The broker acquired majority stake in Ace Re Gallagher Arabia 

Saudi Arabia Broker

The Fidelis Partnership launches PVT consortium

Lloyd's-backed consortium can deploy up to $47.5m per risk in the Middle East

Strait of Hormuz crisis Lloyds

ASR inks strategic investment partnership with Vitruvian

Private equity firm to buy the majority share in Africa-focused re/insurer held by Helios

Specialty Reinsurance

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

Viewpoint International

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

Strait of Hormuz crisis Property

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

Strait of Hormuz crisis Lloyds

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

Legal focus Property

QBE Re appoints Cherrak MENA regional head

Reinsurer appoints Scor’s Cherrak to drive growth across Africa and the Middle East

Middle East and Africa People moves

P&I club profitability will improve despite Hormuz exposure, S&P says

Ratings agency believes insurance industry outlook remains solid for immediate future

Strait of Hormuz crisis Iran

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

Strait of Hormuz crisis London

Geopolitical tensions could squeeze aviation premiums

A reduction in the number of flights could have a knock-on effect on insurers, WTW warns

International Middle East and Africa

Reinsurers to reprice war risk as Hormuz stalemate continues

Limited transits through strait raise legal questions around time requirements for constructive total loss claims

Strait of Hormuz crisis Iran

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

Strait of Hormuz crisis Iran

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

Aviation Specialty

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

Middle East and Africa International
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