Middle East and Africa
This region's insurance markets are expected to undergo rapid expansion
Gallagher names Jones MEA head of construction and power
Jones joins from Lockton, where he was power and infrastructure senior vice-president
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
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
Specialty MGA Africa & Middle East launches with Casablanca office
New managing general agent will focus on international property, energy, cyber, forestry and surety
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
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
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
Generali leads slip on Red Sea suezmax blaze cargo
Total loss could double rates for cargo war risk across region, sources say
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
Brit’s Keel consortium has 100% line on Red Sea blaze tanker
London underwriters expect rates to move after Houthis set fire to Sounion
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
Total nat cat losses reach $60bn in H1: Swiss Re
US storm losses at $42bn, with a dozen billion-plus events
West of England sets up shop in Dubai
London-based P&I club becomes first International Group affiliate with office in UAE
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
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