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Middle East and Africa

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


QBE launches Middle East cyber offering

Australian insurance giant appoints Hamlat from Marsh to develop the business

Middle East and Africa QBE

Hard market impacting capacity in Africa: ASR

Global reinsurers are redirecting capacity to other markets, leading to shortages across many lines in Africa, Mikir Shah says

Middle East and Africa Reinsurance

Insurers pull capacity from DRC oil exploration

Re/insurance for the oil blocks on offer is deemed to be expensive due to the shrinking primary insurance available to oil and gas companies, environmental group says

Congo (Democratic Republic) Casualty

International reinsurers warned on South Africa grid failure risk exposure

The local South African insurance market has largely excluded grid failure risk because of the country’s unstable power infrastructure but some large accounts led by international markets are thought not to be carrying the exclusions, giving rise to the threat of significant loss aggregation

South Africa Specialty

Antares Global premiums drop 22% in H1

Parent company QIC is moving away from high-severity and volatile international risk

London Qatar Insurance Company

Perils increases Turkey earthquake estimate

The loss aggregator has estimated insured losses of $4.9bn at February exchange rates

Turkey Property

Xceedance appoints Tiwari to strategic leadership role

Amit Tiwari is a co-founder of Xceedance and one of the company’s original 13 team members

Asia Pacific Europe

BHSI names Bidmead as Asia head of transactional liability

Global commercial insurer says Bidmead has ‘extensive knowledge of the intricacies of M&A transactions’

Asia Pacific Middle East and Africa

Evertas acquires crypto mining insurer

Crypto insurer buys South African-based Bitsure 

South Africa Mergers and Acquisitions

Chaucer adds PV class underwriter in Dubai

Specialist carrier hires LSM’s Sidawi for senior political violence underwriting role on its Dubai platform

Middle East and Africa Lloyds

Howden backs parametric cover for Rwandan farmers

The global broker is providing premium subsidy to support the purchase of cover for extreme weather risk

Rwanda Specialty

Guy Carpenter completes Re Solutions acquisition

The Israeli reinsurance broker has become Guy Carpenter Israel

Israel Guy Carpenter / Marsh

Chubb names Mostert as country president for South Africa

Executive will oversee insurance giant’s accident and health, consumer and digital business in the country

South Africa Chubb

Legal Focus: Insuring the future of Saudi Arabia

Saudi Arabia’s Vision 2030 project will create a wealth of opportunities for insurance businesses and will drive rapid development of Saudi Arabia’s relatively modest insurance sector

Middle East and Africa Casualty

Lloyd's strikes insurtech accelerator deal with Dubai

Dubai and Lloyd’s announce plans to develop a platform to enable start-ups and entrepreneurs to create innovative tech-based insurance products in the emirate

Middle East and Africa United Arab Emirates

Fidelis MGU leads 'pioneering' coverage on FSO Safer oil transfer operation

Broker Howden places coverage in Lloyd's, London and P&I markets that enables the UN to proceed with an operation to transfer oil from a floating storage platform and avert one of the world’s largest oil spills

Middle East and Africa Lloyds
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