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Middle East and Africa

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

 

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

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

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

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

West of England sets up shop in Dubai

London-based P&I club becomes first International Group affiliate with office in UAE

United Arab Emirates Specialty

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

Middle East and Africa InsuranceLinked Securities

Chubb appoints Kelaher to lead Europe and Mena

Insurance giant promotes Australian and New Zealand country president following departure of Sara Mitchell

Asia Pacific Europe

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

Middle East and Africa Europe

Egypt passes insurance reform

New law increases capital requirements for insurers and reinsurers

Egypt Property
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