
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

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

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

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

Antares Global premiums drop 22% in H1
Parent company QIC is moving away from high-severity and volatile international risk

Perils increases Turkey earthquake estimate
The loss aggregator has estimated insured losses of $4.9bn at February exchange rates

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

BHSI names Bidmead as Asia head of transactional liability
Global commercial insurer says Bidmead has ‘extensive knowledge of the intricacies of M&A transactions’

Evertas acquires crypto mining insurer
Crypto insurer buys South African-based Bitsure

Chaucer adds PV class underwriter in Dubai
Specialist carrier hires LSM’s Sidawi for senior political violence underwriting role on its Dubai platform

Howden backs parametric cover for Rwandan farmers
The global broker is providing premium subsidy to support the purchase of cover for extreme weather risk

Guy Carpenter completes Re Solutions acquisition
The Israeli reinsurance broker has become Guy Carpenter Israel

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

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

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

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
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